Investing is all about risks and rewards. But instead of looking at earning ratios and actuaries to understand risk management , economist Allison Schrager talks to legal sex workers, surfers and papparazzi for lessons on managing risk.
She says a few key principles these risk takers follow can be applied to financial portfolios, career choices and other big life decisions. Allison Schrager's books is called, An Economist Walks into a Brothel: And Other Unexpected Places to Understand Risk.
