Allison Schrager, "An Economist Walks Into A Brothel And Other Unexpected Places to Understand Risk" (Portfolio, 2019)

Allison Schrager, "An Economist Walks Into A Brothel And Other Unexpected Places to Understand Risk" (Portfolio, 2019)

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. Schrager is not a typical economist. Like others, she has spent her career assessing risk, but instead of crunching numbers or sitting at a desk, she chose to venture out. Now, she travels to unexpected places to uncover how financial principles can be used to navigate hazards and prevent danger. In her new book An Economist Walks Into A Brothel And Other Unexpected Places to Understand Risk (Portfolio, 2019), 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 Brothelmarries financial economics with real life examples to provide a road map, offer concrete advice, and maximize payoff. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

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Adam Y. Liu, "Authoritarian Markets: The Politics of China's Banking Explosion" (Cornell UP, 2026)

Adam Y. Liu, "Authoritarian Markets: The Politics of China's Banking Explosion" (Cornell UP, 2026)

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26 Juli 44min

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24 Juli 49min

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23 Juli 27min

J. W. Mason and Arjun Jayadev, "Against Money" (U Chicago Press, 2026)

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Money is everywhere in our daily lives. It lurks in the swipe of a card at the grocery store, in looming student-loan debts, in the prices of things we want, and in our subconscious navigation of th...

19 Juli 1h 12min

Elana Resnick, "Refusing Sustainability: Race and Environmentalism in a Changing Europe" (Stanford UP, 2025)

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Sustainability has become a touchstone for development worldwide, promising an antidote to environmental degradation and capitalism's excess: waste. Refusing Sustainability: Race and Environmentali...

19 Juli 41min

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