Brothel Economics And Other Unexpected Places to Understand Risk with first time Author Allison Schrager

#RiskAnalysis #RiskManagement #Economics Learn how an economist analyzes and manages risk in finance, love, retirement, and life in general in this wide-ranging discussion with first-time author Allison Schrager. Allison is a Ph.D. economist, senior fellow at the Manhattan Institute, contributing editor at City Journal, and co-founder of LifeCycle Finance Partners, LLC, a risk advisory firm. Allison diversified her career by working in finance, policy, and media. She led retirement product innovation at Dimensional Fund Advisors and consulted to international organizations, including the OECD and IMF. She has been a regular contributor to the Economist, Reuters, and Bloomberg Businessweek. Her writing has also appeared in Playboy, Wired, National Review and Foreign Affairs. She has an undergraduate degree from the University of Edinburgh and a PhD in economics from Columbia University. She lives in New York City. @AllisonSchrager https://www.allisonschrager.com/ https://www.manhattan-institute.org/expert/allison-schrager https://www.lcfpartners.com/ Support the podcast: https://www.patreon.com/drbriankeating And please join my mailing list to get resources and enter giveaways to win a FREE copy of my book (and more) http://briankeating.com/mailing_list.php 📝 00:00:00 Intro 00:03:40 How did you come up with the title and the cover? 00:11:48 Should you be missing 1 out 10 of your flights? How early should you arrive at the Airport? 00:14:12 What is the origin of the word "risk" and risk analysis? 00:16:18 How do savvy investors go so wrong at underestimating risk? 00:29:33 How is risk apprised in military strategy? 00:31:41 How can risk be taken advantage of? 00:33:11 The risks of academia. 00:41:53 What did you learn about the risks of the contemporary publishing industry? 00:43:39 The risks of marriage and children. 00:46:29 Allison's next book on why we hesitate to take new risks. 00:48:47 Are there changes you would make in your book? 00:50:27 The risks of speculations and investments like Bitcoin. 00:59:22 What would you write in your ethical will? 01:00:51 What would you leave in your billion-year legacy time capsule? 01:01:39 What advice would you give your younger self? 🎥 🎥 Watch my most popular videos🎥 🎥 Frank Wilczek https://youtu.be/3z8RqKMQHe0?sub_confirmation=1 Weinstein and Wolfram https://www.youtube.com/watch?v=OI0AZ4Y4Ip4?sub_confirmation=1 Sheldon Glashow: https://youtu.be/a0_iaWgxQtA?sub_confirmation=1 Michael Saylor The Physics of Bitcoin https://youtu.be/CaN_CDKqXOg?sub_confirmation=1 Sir Roger Penrose, Nobel Prize winner: https://www.youtube.com/watch?v=AMuqyAvX7Wo?sub_confirmation=1 Jill Tarter https://youtu.be/O9K9OBd3vHk?sub_confirmation=1 Sara Seager Venus LIfe: https://youtu.be/QPsEDoOTU6k?sub_confirmation=1 Noam Chomsky: https://youtu.be/Iaz6JIxDh6Y?sub_confirmation=1 Sabine Hossenfelder: https://youtu.be/V6dMM2-X6nk?sub_confirmation=1 Sarah Scoles: https://youtu.be/apVKobWigMw Stephen Wolfram: https://youtu.be/nSAemRxzmXM 🏄‍♂️ Find me on Twitter at https://twitter.com/DrBrianKeating 🔥 Find me on Instagram at https://instagram.com/DrBrianKeating 📖 Buy my book LOSING THE NOBEL PRIZE: http://amzn.to/2sa5UpA 🔔 Subscribe for more great content https://www.youtube.com/DrBrianKeating?sub_confirmation=1 ✍️Detailed Blog posts here: https://briankeating.com/blog.php 📧Join my mailing list: http://briankeating.com/mailing_list.php 👪Join my Facebook Group: https://facebook.com/losingthenobelprize 🎙️Please subscribe, rate, and review the INTO THE IMPOSSIBLE Podcast on iTunes: https://itunes.apple.com/us/podcast/into-the-impossible/id1169885840?mt=2 🎙️Listen on all other platforms: https://wavve.link/into A production of http://imagination.ucsd.edu/ Support the podcast: https://www.patreon.com/drbriankeating Learn more about your ad choices. Visit megaphone.fm/adchoices