Economist Allison Schrager explains risk assessment and management through the lens of unexpected industries.

Risk assessment and management sound like concepts only stockbrokers and financial experts understand, but we actually all assess risk on a daily basis.

Understanding the basic rules of risk can help us in our business ventures, but also in making day-to-day decisions.

Allison Schrager is an American economist, financial journalist, and senior fellow at the Manhattan Institute.

As a regular contributor at The Economist, Reuters, and Bloomberg Businessweek, Schrager covers topics like pension finance and saving.

In An Economist Walks into a Brothel, Schrager explains risk management by looking into various unusual markets.