Tag: risk management

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Economist Allison Schrager joins City Journal editor Brian Anderson to discuss her new book, An Economist Walks Into A Brothel: And Other Unexpected Places to Understand Risk. Risk is a universal fact of life, but some of us manage more of it than others. Schrager examined how a broad cross section of people handle it: horse breeders in Kentucky, members […]

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Promoted from the Ricochet Member Feed by Editors Created with Sketch. Cascadia Subduction and Denial

 

PowerPoint PresentationI know. “Cascadia Subduction and Denial” sounds like the latest twist on PC college campus sexual consent forms, but this is actually about the way we think about risk … and don’t.

I remember watching an online video of the 2011 tsunami coming ashore in Japan. How easily, almost casually, the ocean reached in and swept everything away. And not the rice paper houses that insular or merely wilfully unknowing Americans might have wanted to imagine, but objects of recognizable solidity; big buildings, parking structures, shopping centers, highways, 18 wheelers. Picked up, tumbled, tossed away, gone.

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