Showing posts with label Costs and Benefits. Show all posts
Showing posts with label Costs and Benefits. Show all posts

January 18, 2019

Struggling With Some Decisions

So I've been helping some family members with some really big decisions lately. 

As we all know, there are pros and cons to every alternative. 

I remember how you can diagram decisions out like the branches of a tree with probabilities for each branch to try and get to the highest value decision. 

The problem is we don't know everything that may happen down the road or even know the probabilities for each possibility--or as they say:
We don't know what we don't know.  

So it's hard to make a great decision and not second guess yourself.
Well, what if...

You can "what if" yourself to sleepless nights and death and never decide or do anything meaningful. 

We have to make the best decisions we can usually with limited information. 

Using gut or intuition is not a solution either--those can end up being very wrong especially when we let our raw emotions dictate. 

So I do not take decision-making for myself or helping others lightly, especially my family. 

I want to protect them and help them make good decisions that will bear fruit and joy down the road. 

I definitely don't want to waste everyones time and efforts and lead them or myself down a dead end or worse off of a cliff.

In the end, we have to turn to G-d and whisper:
Oh G-d, please help us to make the right decisions, because only you know what the results will be from it. 

And so, I am definitely whispering!

At the same time, we need to move forward and not let fear and doubt get in our way of living. 

Yes, we have to be prudent and take calculated risks (everything worthwhile is a risk), but also, we have to look at the potential rewards and the costs for these (every decision is an investment of time and resources) and then just try our best. ;-)

(Source Photo: Andy Blumenthal)
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September 27, 2018

Who Took The Cheese?

So this is a photo from today in the cafeteria of the mac and cheese. 

What I see without fail, day-in and day-out ,is that the people take the yummy crispy cheese off the top of the mac and cheese. 

The result is that just a few people get all the cheesy cheese from on top and everyone else is left with the noodles underneath.  

So for cheese sake, why do they do it?

- For the Love of Cheese - People simply love melted cheese so much, they'll do anything to get more of it.

- Because They Can Take Cheese - People take the best part, the crispy cheese on top for themselves, because they can and there is only benefits to themselves and no adverse consequences if they do it. 

- They are Very Hungry for Cheese - People take the cheese because they are so famished, only the cheese on top can satisfy their hunger pains. 

- Sense of Cheese Entitlement - People have a sense of entitlement for themselves, and if there's cheese to be had, they they are entitled to it.

- Cheese Narcissism - People are innately selfish for cheese and they will take and take and take until there is no cheese on top for anyone else. 

- Anti-social Cheese Behavior - People have anti-social personality cheese disorder, so they can't help but take all the cheese. 

- Not Enough Cheese to Go Around - People feel their is simply not enough cheese to go around; in other words cheese is a scarce resource, which makes it a valuable cheese commodity to scoop up for themselves. 

What is really funny-sad about this whole cheese situation is that every day the food service seems to put out the same leftover mac and cheese with a fresh topping of the cheesy-cheese on top, only for it all to be taken off again--cheesy day after cheesy day. ;-)

(Source Photo: Andy Blumenthal)
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September 7, 2018

Nimbyism By All

So I learned a new word this week:

Nimby, which stands for:

Not 
I
M
Back
Yard

It refers to people who object to and don't want something unpleasant or dangerous in their neighborhood. 

Prisons
Homeless Shelters
Garbage Dumps
Radioactive Waste Sites
Oil and Gas Pipelines
Noisy Railroads
Polluting Factories
Adult Entertainment
etc. 

Yes, society as a whole apparently wants or needs these things, but the individuals just want to see it someplace (anyplace) else. 

People want the benefits, but don't want the costs and risks associated with these things near them. 

The problem is when everyone feels this way then you are left either choosing somewhere despite the nimbyism protests or you have to locate them in remote places that are not always functional, fair or efficient for society. 

Perhaps this is where incentives or compensation comes in for people to get in order to "put up" with the placement of things in their backyard that they rather not have there. 

Is that what it means that nimbyism aside, "everyone has their price"?

(Source Photo: here with attribution to creative2/usa)
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August 16, 2014

Technology Easy Sell

Technology is not like buying a time share, thank G-d. 

We examine the costs and the benefits, and it either works and provides us a tangible competitive benefit or it doesn't.

"You can't be competitive without modern technology, you'll simply be out of business."

At the end of the day, you don't want to be sold a worthless bag of goods from a no good (not genuine) salesperson. 

Read about it here in my new article in Public CIO. 

(Source Photo: Andy Blumenthal)
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May 5, 2012

Understanding Risk Management

Information Security, like all security, needs to be managed on a risk management basis.  

This is a fundamental principle that was prior advocated for the Department of Homeland Security, by the former Secretary Michael Chertoff.  

The basic premise is that we have limited resources to cover ever changing and expanding risks, and that therefore, we must put our security resources to the greatest risks first.

Daniel Ryan and Julie Ryan (1995) came up with a simple formula for determining risks, as follows:

Risk = [(Threats x Vulnerabilities) / Countermeasures)]  x  Impact

Where:

- Threats = those who wish do you harm.

- Vulnerabilities = inherent weaknesses or design flaws.

- Countermeasures = the things you do to protect against the dangers imposed.

[Together, threats and vulnerabilities, offset by any countermeasures, is the probability or likelihood of a potential (negative) event occurring.]

- Impacts = the damage or potential loss that would be done.

Of course, in a perfect world, we would like to reduce risk to zero and be completely secure, but in the real world, the cost of achieving total risk avoidance is cost prohibitive. 

For example, with information systems, the only way to hypothetically eliminate all risk is by disconnecting (and turning off) all your computing resources, thereby isolating yourself from any and all threats. But as we know, this is counterproductive, since there is a positive correlation between connectivity and productivity. When connectivity goes down, so does productivity.

Thus, in the absence of being able to completely eliminate risk, we are left with managing risk and particularly with securing critical infrastructure protection (CIP) through the prioritization of the highest security risks and securing these, going down that list until we exhaust our available resources to issue countermeasures with.

In a sense, being unable to "get rid of risk" or fully secure ourselves from anything bad happening to us is a philosophically imperfect answer and leaves me feeling unsatisfied--in other words, what good is security if we can't ever really have it anyway?

I guess the ultimate risk we all face is the risk of our own mortality. In response all we can do is accept our limitations and take action on the rest.

(Source Photo: here with attribution to martinluff)

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July 9, 2011

How Far Will You Go?

This week we watched with horror as a Texas baseball fan and firefighter fell to his death attempting to catch a ball hurtling into the stands.

This man overreached in this case, and went to his death in order to try and catch a baseball!

He did an ordinary thing and it cost him his life--right in front of his son.

It is tragic--unbelievable.

Ironically, the same day, the Wall Street Journal (8 July 2011) has an article called "The Taming of The Fans," about what they call "rowdy fan bases" and efforts to control the craziness.

In response, a "fan code of conduct" is being adopted by some.

"Among the no-no's:"

- Fighting
- Illegal drugs
- Laser pens
- Drinking underage
- And so on.

About a month ago, there was the riots in Vancouver after the Stanley cup was lost and from the chaos came the now famous photo of the kissing couple, the girl having been injured and on the ground in the mayhem.

We live in an unpredictable world--where things can get out of control.

When rationality, morality, and a sense of moderation get away from us, thenterrible things happen--death, destruction, chaos.

And of course, this is not limited to fans of sporting events and rock-and-roll concerts.

This week, we watched with mouths agape as people like Casey Anthony and Dominique Strauss-Kahn basically walk away from some very serious and terrible charges. While no one can say what really happened, we were all really shocked at the outcomes.

For months now, we have been watching with indignation as various Middle-East dictators shoot, kill, besiege, and round up their own people in order to maintain power in the Arab Spring.

Lara Logan, the CBS reporter, who was sexually attacked and brutally beaten by a mob in Egypt's Tahir Square during the riots in February, is another recent horror tale that speaks volumes about people going to non-sensical extremes and committing atrocities.

The images and sound bites are there basically everyday of people, organizations, and societies going to the extremes and doing unthinkables--really these are burned into consciousness (for others it's in their subconscious).

People are willing to go to all sorts of extremes to get what they want, do what they believe, or just to go sheer crazy.

Sometimes, those efforts are rewarded and others get their due--in the end, I believe justice prevails in this life or the after.

Our world sits on a fine line between sanity and insanity--life and death.

People are tempted "to go for it" to get what they want all the time.

But the challenge is to weigh the cost and benefits and chose our actions carefully.

There is a domino effect to our choices--and we own the consequences.

Will we pull ourselves back from the edge--when the ball is coming our way in life?

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