Economics Of Security
The economics of information security addresses the economic aspects of privacy and computer security. Economics of information security includes models of the strictly rational “homo economicus” as well as behavioral economics. Economics of security addresses individual and organizational decisions and behaviors with respect to security and privacy as market decisions.
Economics of security addresses a core question: why do agents choose technical risks when there exists technical solutions to mitigate security and privacy risks? Economics addresses not only this question, but also inform design decisions in security engineering.
Read more about Economics Of Security: Emergence of Economics of Security, Examples of Findings in Economics of Security
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“I am not prepared to accept the economics of a housewife.”
—Jacques Chirac (b. 1932)
“The animals that depend on instinct have an inherent knowledge of the laws of economics and of how to apply them; Man, with his powers of reason, has reduced economics to the level of a farce which is at once funnier and more tragic than Tobacco Road.”
—James Thurber (1894–1961)
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—U.S. Constitution, Second Amendment.