An Economist Walks Into a Brothel eBook ↠ Economist

An Economist Walks Into a Brothel A Financial Times Book of the Month pick for April Is it worth swimming in shark infested waters to surf a 50 foot career record waveIs it riskier to make an action movie or a horror movieShould sex workers forfeit 50 percent of their income for added security or take a chance and keep the extra moneyMost people wouldn't expect an economist to have an answer to these uestions—or to other uestions of daily life such as who to date or how early to leave for the airport But those people haven't met Allison Schrager an economist and award winning journalist who has spent her career examining how people manage risk in their lives and careersWhether we realize it or not we all take risks large and small every day Even the most cautious among us cannot opt out the uestion is always which risks to take not whether to take them at all What most of us don't know is how to measure those risks and maximize the chances of getting what we want out of lifeIn An Economist Walks into a Brothel Schrager euips readers with five principles for dealing with risk principles used by some of the world's most interesting risk takers For instance she interviews a professional poker player about how to stay rational when the stakes are high a paparazzo in Manhattan about how to spot different kinds of risk horse breeders in Kentucky about how to diversify risk and minimize losses and a war general who led troops in Ira about how to prepare for what we don't see comingWhen you start to look at risky decisions through Schrager's new framework you can increase the upside to any situation and better mitigate the downside




10 thoughts on “An Economist Walks Into a Brothel

  1. says:

    I took a risk on purchasing this book I hedged against this purchase by using a discount coupon to offset the price Based on my reading of the book and what I got out of it I may have broken even on my investment of time and mone


  2. says:

    I was listening to the Indicator on NPR and they were interviewing Allison Schrager who is an economist and who wrote this book An Economist Walks into a Brothel I have many interests and economics is one of them Unfortunately this book


  3. says:

    We need to take risks to make our lives better In the 16th century people started to think about risk as something controllable not left to fate Once risk is measured it can bought or sold No institution spends time and energy on risk plannin


  4. says:

    uite simply this book is bad The writing is unclear the examples poorly explained definitions sparse and call backs poorly integrated It feels like the author found three or four examples they wished to use and kind of relied on them for everything W


  5. says:

    This is a book by a non academic economist that explains the core ideas of financial economics in terms of non financial activities jobs and recreations that are done by real people but which all involve extraordinary amounts of risk and uncertainty The ini


  6. says:

    This book is best read as a primer on basic risk and reward analysis in economics Most concepts like the diversification of risk the difference between systematic and idiosyncratic risk the difference between hedging and insurance will not be surprising to even th


  7. says:

    This is a good INTRODUCTORY book on risk through finance world lens Still recommend this for most layman but not to advanced finance practitioners unless they want to refresh their fundamentals


  8. says:

    In An Economist Walks into a Brothel Allison Schrager demonstrates through real life examples how an understanding of different types of risk and risk management strategies can help people make better decisions Each chapter opens with a profile of someone whose work involves so


  9. says:

    This book struck a nice balance between giving an accessible survey of risk management science and sharing insightful entertaining real world examples to demonstrate the principles of risk management at work It’s ultimately an unabashed endorsement of risk management models with a r


  10. says:

    Allison Schrager with her PhD in Economics rather than taking it down the academic track trained under Nobel laureate Robert Merton and with her great journalistic skills wrote this entertaining and fascinating book on the application of the cardinal principles of Risk and Reward as it is no


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