Allison Schrager: The Economics of Risk, Uncertainty, and Making Better Decisions
About this episode
Allison Schrager discusses the psychology of risk tolerance and decision making in the context of economics and creative careers.
Economist Allison Schrager, author of An Economist Walks into a Brothel, discusses the psychology of risk tolerance through her framework of financial economics. She explores how our high school social choices reveal risk preferences, the difference between calculated risks and reckless ones, and why taking more risks often leads to becoming better at evaluating them. The conversation covers risk in creative careers, the math of making risky art, and how to organize your thinking around uncertainty to make better life decisions. Hosted on Acast. See acast.com/privacy for more information.
People in this episode
Host: Srinivas Rao
Guest: Allison Schrager
Topics covered
- economics
- risk tolerance
- decision making
- creative careers
- uncertainty
Keywords
- risk
- uncertainty
- decision making
- economics
- creative careers
- risk tolerance
- Allison Schrager
Mentioned in this episode
Organizations: Acast
Books & works: An Economist Walks into a Brothel
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