Manhattan Institute

Managing Risk in Unexpected Places

10 Blocks podcast

Economist Allison Schrager joins City Journal editor Brian Anderson to discuss her new book, An Economist Walks Into A Brothel: And Other Unexpected Places to Understand Risk.

Risk is a universal fact of life, but some of us manage more of it than others. Schrager examined how a broad cross section of people handle it: horse breeders in Kentucky, members of an elite tank unit during the Gulf War, paparazzi who stalk celebrities, prostitutes in Nevada brothels. She lays out five principles for dealing with risk and explains how financial tools can help guide people through uncertainty.

Altro da Manhattan Institute

Manhattan Institute4 min letti
Failed Monetary Policy
The media are focused on fiscal policy failures—namely, the fight over a second Covid economic-relief bill. They should be paying much closer attention to monetary policy. The neglect is due to the long-running sense that, with interest rates down ne
Manhattan Institute6 min lettiPolitics
The Happiest Warrior
Bruce Herschensohn would hate what I’m about to do. He always lamented that Years of Lightning, Day of Drums—the acclaimed documentary he produced about the life and assassination of President John F. Kennedy—tended to get re-aired on the anniversary
Manhattan Institute5 min lettiMedical
Pandemic Penitents
In 1349, as the Black Death ravaged Europe, a new pandemic-control strategy was adopted in cities across the continent. The protocol was precisely regulated by the experts. Three times a day, for a total of exactly eight hours, hundreds of men known