Sean Liu

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When people hear the word “risk,” they automatically think of something terrible, the worst-case scenario, like losing their job, their wealth, or their spouse. But we need to take risks to make our lives better. We must gamble to get what we want, even if it comes with the possibility of loss. If we want a great relationship, we risk heartbreak. If we want to get ahead at work, we have to volunteer for projects that we might fail at. If we avoid risk, our lives won’t move forward. Technically, risk describes everything that might happen—both good and bad—and how probable each of these ...more
An Economist Walks Into a Brothel: And Other Unexpected Places to Understand Risk
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