Thinking Like an Economist

by Shimon|23 April 202626 May 2026|GRC Economics, Thinking Like an Economist

The risk is known, the remediation path is defined, and the underlying exposure has already been acknowledged through governance processes. Still, the work does not begin. It is deferred to the next sprint, the next planning cycle, or a future...

When Risk Becomes a Market

by Shimon|09 April 202626 May 2026|GRC Economics, Thinking Like an Economist

Every risk is documented, scored, and placed into a register that suggests order, comparability, and rational prioritization. Severity is quantified, likelihood estimated, and governance frameworks imply that attention will naturally flow toward the most consequential exposures. On paper, the system...

Incentive Design in a World Without Perfect Information

by Shimon|26 March 202626 May 2026|GRC Economics, Thinking Like an Economist

The incentives are clear, the expectations are defined, and the governance structure appears aligned. Teams are told what matters, how performance will be measured, and which outcomes are expected. Dashboards track progress, metrics are reviewed regularly, and accountability mechanisms are...

The Cost of Certainty

by Shimon|12 March 202626 May 2026|GRC Economics, Thinking Like an Economist

The system is already controlled, the risk is already reduced, and the outcome is already within acceptable bounds. Still, the question persists in a quieter and more persistent form: Can we be more certain? Another control is added, another validation...