What Happens When an Economist Walks Into a Brothel?

Allison Schrager set out to examine unusual subcultures, looking for clues that would deepen her understanding of risk and other economic realities. The result of her curious adventures is a book with the wonderfully provocative title, An Economist Walks Into a Brothel. In this episode, Allison offers her sage advice to Alan Alda on topics as varied as how to take risks and how hearing the word “no” can actually mean you’ve done well in a negotiation.

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