#training cultery

[nanasmanners1]

The Perfect Utensils for Little Hands: Children's Knife and Fork

Children's knife and forkare valuable tools that foster independence, promote fine motor skills, encourage healthy eating habits, and ensure safety during mealtimes. By providing children with the right utensils at the right time, parents and caregivers empower their little ones to actively participate in meal preparation and develop important life skills.

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[heymambomamboitaliano-blog1]

Yesterdays Lecture, AM:

Risk: You Are Just As Bad Every Time

What makes risk bad is not the fact that occasionally a negative outcome occurs as a result of it, but the fact that we take risks in the first place. This idea is quite interesting to me because it forces me to ignore what I learn in my finance major. Ultimately when you get into finance, something like systematic/market risk is viewed as something that entitles an investor to bigger rewards. We try and price risk with volatility models like GAARCH and ultimately those with a better understanding of risk seem to do better. This directly opposes the “risk is bad all the time” ethos of security engineering, so I get the diversity of attacking one topic from multiple angles, which will help me develop a more holistic understanding of risk in general.

Crazy Ivans Example: I have a feeling all those people who said they would be cold and calculated when it came finding what they’d have to save by going to the dangerous repair shop wouldn’t be as calculated if they were physically handing over the laptop in their lap to a man who then proceeds to hurl it across the room. Hypotheticals don’t really reflect reality in this case, it seems to me.

We are bad at estimating the risk of low probability events: ultimately a 1/1000 chance would be treated pretty similarly as 1/1 000 000 because we are so unlikely to see either that we regard them pretty much equally. Though as security engineers with limited resources this is a bad mentality, we need to be judicious and allocate funds to protecting vulnerabilities with careful consideration of their likelihood.

Why we are bad at grasping risk is that we only scorn it when the negative outcome as a result of it occurs, when it is just as bad every time. Richard’s pause in the delivery of the story about the mother reversing without looking in the driveway was perfect for getting this message across, because before anyone else knows the outcome of the story, in that pause, we are fearful and angry at the recklessness of the driver. Finding out that no kids were hit lets us relax, but then we reflect and come to understand that the outcome was just luck, perfectly illustrating the nature of risk that Richard was getting at.

Compliance regulation is only effective as a baseline, and is not effective if people think all that is required is meeting those base lines. This is since we get lulled into a false sense of security and aren’t aware of the risk of other of our actions.

Managing Risk: Prevention: take away the power of a risky event to cause you harm e.x. if you don’t want to crash a car, catch a train. This strategy is not my favourite as ultimately everything has a bit of risk - at what point do you realise that the risk of stabbing your finger doesn’t outweigh the benefit of eating with cultery

Limit: where you can’t eliminate - minimise potential for, and impact of, the risky behaviour. This is more my speed, not that many cars crash - but incase they do, drive the speed limit, put a belt on and make sure your airbags are installed.

Pass risk to 3rd party: take out insurance, make someone else do the thing that could hurt you

Bear it: accept the potential for the negative consequences of the action, and deem the action worth doing regardless.

Good lecture. B.