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An Economist Walks Into a Brothel: And Other Unexpected Places to Understand Risk, by Allison Schrager

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the simplest way to measure risk is to consider what happened in the past and assume something similar will happen in the future. This gives us a reliable estimate of the range of things that might occur.
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An Economist Walks Into a Brothel: And Other Unexpected Places to Understand Risk
An Economist Walks Into a Brothel: And Other Unexpected Places to Understand Risk
by Allison Schrager
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