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.
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