An Economist Walks into a Brothel

Is it worth swimming in shark-infested waters to surf a 50-foot, career-record wave? Is it riskier to make an action movie or a Horror movie? Should sex workers forfeit 50 percent of their income for added security or take a chance and keep the extra money? Most people wouldn't expect an economist to have an answer to these questions-or to other questions 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 careers. Whether we realize it or not, we all take risks large and small every day. Even the most cautious among us cannot opt out-thee question 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 maximise the chances of getting what we want out of life. In an economist walks into a brothel, schrager equips 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 minimizes losses and a war General who led troops in Iraq about how to prepare for what we don't see coming. When you start to look at risky decisions through Schrage's new framework, you can increase the upside to any situation and better mitigate the downside.

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Product Specification

Author Allison Schrager
Binding Paperback
Brand Penguin Random House
Ean 9780593086728
Ean List:Ean List Element 9780593086728
Isbn 0593086724
Label Penguin Books
Languages:Language:Name English
Languages:Language:Type Published
List Price:Amount 59900
List Price:Currency Code INR
List Price:Formatted Price INR 599.00
Manufacturer Penguin Books
Number Of Pages 240
Package Dimensions:Height: Content 94
Package Dimensions:Height:Units hundredths-inches
Package Dimensions:Length: Content 937
Package Dimensions:Length:Units hundredths-inches
Package Dimensions:Weight: Content 49
Package Dimensions:Weight:Units hundredths-pounds
Package Dimensions:Width: Content 598
Package Dimensions:Width:Units hundredths-inches
Product Group Book
Product Type Name ABIS_BOOK
Publication Date 2019
Publisher Penguin Books
Release Date 2019-05-30
Studio Penguin Books
Title An Economist Walks into a Brothel
Edition First
Languages:Language
  • {"Name"=>"English", "Type"=>"Published"}
  • {"Name"=>"English", "Type"=>"Unknown"}
Item Dimensions:Weight: Content 99
Item Dimensions:Weight:Units hundredths-pounds

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