![]() ![]() Unsolved research problems remain, but the Two Envelopes Problem and similar are not among them. Gary Grigsby's War in the East is one of those titles that hearkens to a genre that has been popular with a specific group of war gaming fans called grognards gamers who like to play old or old-school war gamesfor many decades. Conclusion: risk management for InfoSec is complicated and subtle, but that only means it should be done with care and with the appropriate tools, methods, and frameworks. Gary Grigsby's War in the East is a turn-based war game based on the Eastern Front of the Second World War. Either way, a reframing into a “possible worlds” analysis resolves the paradoxes and accurately evaluates the decision alternatives for both problems. However, Luther made some mistakes in formulating the InfoSec problem and thus the lessons from Two Envelopes Problem don’t apply. Then he posed an analogous problem in information security, with the claim that probabilistic analysis would show that new security investments are unjustified. To backup his point, he uses the example of the Two Envelopes Problem in Bayesian (subjectivist) probability, which can lead to paradoxes. ![]() Luther Martin, blogger with Voltage Security, has advised caution about using of risk risk management methods for information security, saying it’s “too complicated and subtle” and may lead decision-makers astray. ![]() Is risk management too complicated and subtle for InfoSec? ![]()
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