Ep. 120: Allison Schrager - Risk in Brothels, Big Wave Surfing, the Paparazzi and more

Summary: What can we learn about risk from how services are priced at legal brothels? What does systemic risk have to do with the paparazzi? How are big wave surfers a bit like actuaries? What does fraud tell about how people mis-calculate probabilities? Meet Allison Schrager, author of An Economist Walks Into a Brothel.