49 min listen
CM 130: Allison Schrager on Rethinking Risk
CM 130: Allison Schrager on Rethinking Risk
ratings:
Length:
37 minutes
Released:
Apr 2, 2019
Format:
Podcast episode
Description
What if there were a better way for us to think through life’s riskiest decisions?
That’s where Allison Schrager comes in. She’s the author of the book, An Economist Walks into a Brothel: And Other Unexpected Places to Understand Risk. An economist, journalist at Quartz, and cofounder of LifeCycle Finance Partners, she led retirement product innovation at Dimensional Fund Advisors and consulted for international organizations, including the OECD and the IMF. Allison has also been a regular contributor to The Economist and Bloomberg BusinessWeek, and she teaches at New York University.
For her book, Alison spent time with high-risk professionals, like big-wave surfers, movie producers, and sex workers. She learned how they manage risk and shares what we can learn from them. Along the way, she learned some surprising things about herself, like what it felt like to play in her first poker tournament: “We start at 8:00, and it’s like midnight, and I’m like ‘When does this game end?’ And people are like ‘When you run out of chips.’ And I’m like, oh my god, I’m going to be here forever.”
When it comes to risk, Allison believes we can learn to overcome our biases and manage risk effectively. She explains, “There’s been so many books [on the topic] …but they always write everyone off as being sort of hopeless when it comes to risk or thinking probabilistically, and I really believe everyone has it in them.”
You can learn more about Curious Minds Host and Creator, Gayle Allen @CuriousGayle and www.gayleallen.net.
Episode Links
Moonlite BunnyRanch and Dennis Hof
Kat Cole and Focus Brands
Film producer, Ryan Kavanaugh
Idiosyncratic risk versus systematic risk
Top poker player, Phil Hellmuth, and poker staking
How Luck Happens by Janice Kaplan and Barnaby Marsh
Gerd Gigerenzer
Arnold Donald and IoT and AI with Carnival cruises
David Bowie
Magician Belinda Sinclair
Robert C. Merton
Big Wave Risk Assessment Group
H. R. McMaster
Simple Ways to Support the Podcast
If you enjoy the podcast, there are three simple ways you can support our work. First, subscribe so you’ll never miss an episode. Second, tell a friend or family member. You’ll always have someone to talk to about the interview. Third, rate and review the podcast wherever you subscribe. You’ll be helping listeners find their next podcast.
A Short List of Places Where You Can Find Curious Minds
Spotify
iTunes
Tunein
Stitcher
Google Play
Overcast
That’s where Allison Schrager comes in. She’s the author of the book, An Economist Walks into a Brothel: And Other Unexpected Places to Understand Risk. An economist, journalist at Quartz, and cofounder of LifeCycle Finance Partners, she led retirement product innovation at Dimensional Fund Advisors and consulted for international organizations, including the OECD and the IMF. Allison has also been a regular contributor to The Economist and Bloomberg BusinessWeek, and she teaches at New York University.
For her book, Alison spent time with high-risk professionals, like big-wave surfers, movie producers, and sex workers. She learned how they manage risk and shares what we can learn from them. Along the way, she learned some surprising things about herself, like what it felt like to play in her first poker tournament: “We start at 8:00, and it’s like midnight, and I’m like ‘When does this game end?’ And people are like ‘When you run out of chips.’ And I’m like, oh my god, I’m going to be here forever.”
When it comes to risk, Allison believes we can learn to overcome our biases and manage risk effectively. She explains, “There’s been so many books [on the topic] …but they always write everyone off as being sort of hopeless when it comes to risk or thinking probabilistically, and I really believe everyone has it in them.”
You can learn more about Curious Minds Host and Creator, Gayle Allen @CuriousGayle and www.gayleallen.net.
Episode Links
Moonlite BunnyRanch and Dennis Hof
Kat Cole and Focus Brands
Film producer, Ryan Kavanaugh
Idiosyncratic risk versus systematic risk
Top poker player, Phil Hellmuth, and poker staking
How Luck Happens by Janice Kaplan and Barnaby Marsh
Gerd Gigerenzer
Arnold Donald and IoT and AI with Carnival cruises
David Bowie
Magician Belinda Sinclair
Robert C. Merton
Big Wave Risk Assessment Group
H. R. McMaster
Simple Ways to Support the Podcast
If you enjoy the podcast, there are three simple ways you can support our work. First, subscribe so you’ll never miss an episode. Second, tell a friend or family member. You’ll always have someone to talk to about the interview. Third, rate and review the podcast wherever you subscribe. You’ll be helping listeners find their next podcast.
A Short List of Places Where You Can Find Curious Minds
Spotify
iTunes
Tunein
Stitcher
Google Play
Overcast
Released:
Apr 2, 2019
Format:
Podcast episode
Titles in the series (100)
CM 025: Sydney Finkelstein on Leaders Who Move the World: If you are going to have a boss (or be a boss), make it a Superboss. Why? Because a Superboss leads individuals, teams, and organizations in ways that move the world. Sydney Finkelstein, bestselling author of Super Bosses: How Exceptional Leaders Mast... by Curious Minds at Work