An economist walks into a brothel : and other unexpected places to understand risk
Item details
- ISBN: 9780525533962
- ISBN: 0525533966
- ISBN: 9780525542827
- ISBN: 0525542825
- ISBN: 9780735219571
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Physical Description:
print
ix, 223 pages : illustrations ; 24 cm - Publisher: [New York, NY] : Portfolio/Penguin, [2019]
Contents / Notes
Bibliography, etc. Note: | Includes bibliographical references (pages 209-213) and index. |
Formatted Contents Note: | Introducing risk: the what and unusual where of it -- Rule 1: No risk, No reward -- Reward: getting what you want takes knowing what you want -- Taking a risk: when to reject safety and go for more -- Risk measurement: Hollywood's never-ending quest for certainty -- Different types of risk: the secret lives of the paparazzi -- Rule 2: I am irrational and I know it -- Prospect theory: tilting towards rationality -- Risk misperception: I never thought I'd get caught -- Rule 3: Get the biggest bang for your risk buck -- Diversification: looking for efficiency in all the wrong places -- Rule 4: Be the master of your domain -- De-risking: the art of the hedge -- Insurance: introducing the spectacular stock option -- Moral hazards: surfing big waves with insurance -- Rule 5: Uncertainty happens -- Uncertainty: the fog of war. |
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