An Economist Walks Into A Brothel: And Other Unexpected Places to Understand Risk.
Whether you are a commuter weighing options of taking the bus vs walking to get you to work on time or a military general leading troops into war, risk is something we deal with every day. Even the most cautious of us can’t opt out – the question is always which risks to take to maximize our results. But how do we know which path is correct? Enter Allison Schrager.
In her new book AN ECONOMIST WALKS INTO A BROTHEL: And Other Unexpected Places to Understand Risk, Schrager puts together a five-pronged approach for understanding and assessing risk. First, she helps define what risk and reward mean for individuals. Then, taking into account irrationality and uncertainty, Schrager helps readers master their domains and ultimately get the biggest bang for what she calls the “risk buck.”
While there are certain factors that cannot be predicted, AN ECONOMIST WALKS INTO A BROTHEL marries financial economics with real life examples to provide a road map, offer concrete advice, and maximize payoff. Schrager heads out into the field to assess risk in reality. She examines the worlds of today’s most interesting risk takers.
Around the world, it’s not just Wall Streeters taking risks. AN ECONOMIST WALKS INTO A BROTHEL looks at financial economics through the lens of real life people who are stacking the deck. By channeling these stories, Schrager believes everyone can make better decisions, diminish downsides, and increase the odds of reward.
A dinner with Allison Schrager will follow the event. Please be sure to register separately to attend the dinner.
This event is sponsored by the Penn Club.
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