Rahul Iyer

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One strategy to minimize risk is hedging. Hedging protects you from losing by a counterbalancing action, trying to strike a balance between risk and safety, like the women in the brothel do. Or, hedging might be taking two bets at the same time where one pays off when the other does not. The result is you give up some potential gains to reduce the potential for loss.
An Economist Walks Into a Brothel: And Other Unexpected Places to Understand Risk
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