Allison Schrager: Brothel Economics And Other Unexpected Places to Understand Risk (#128)

#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:
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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
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