book hack

An Economist Walks into a Brothel

Allison Schrager

5 mins

3 key insights

Visual, audio & text

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


An Economist Walks into a Brothel

An Economist Walks into a Brothel

by Allison Schrager


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.

Favorite quote

Risk is our guess about what the future holds; more precisely, it is the range of things that might happen and how probable each event is.

- Allison Schrager

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