Book Club: "An Economist Walks Into a Brothel: And Other Unexpected Places to Understand Risk"

OCT
17
Thursday, 11:30 am - 1:30 pm
 
Location: CFALA Member Center - Biltmore Court
520 S Grand Ave. Suite 655
Los Angeles, CA 90071
 
Speaker: Not Applicable
 
Time: 11:30AM - 12:00PM: Registration
12:00PM - 12:20PM: Lunch
12:20PM - 1:30PM: Book Discussion
 
Dress: Business Casual
   
 
Add to Calendar 10/17/2019 11:30 AM 10/17/2019 1:30 PM America/Los_Angeles Book Club: "An Economist Walks Into a Brothel: And Other Unexpected Places to Understand Risk"Book Club: "An Economist Walks Into a Brothel: And Other Unexpected Places to Understand Risk" CFALA Member Center - Biltmore Court 506 S Grand Ave. Los Angeles, CA 90071 CFALA info@cfala.org false MM/DD/YYYY
A Book Club Sponsored Event

Join us for lunch and a discussion on Allison Schrager’s An Economist Walks Into a Brothel: And Other Unexpected Places to Understand Risk.
 

Allison Schrager is an economist, writer, and co-founder of the risk advisory firm Lifecycle Finance Partners LLC.

In An Economist Walks into a Brothel: And Other Unexpected Places to Understand Risk, Schrager provides five principles for managing and assessing risk. She interviews poker players, paparazzo, horse breeders, and a war general in the pursuit of identifying how and why risky decisions are made.

Like Levitt and Dubner’s Freakonomics Allison Schrager explores risk taking outside the paradigm of data-dense economics and finance texts.

The book starts out at the “Bunny Ranch,” a legal brothel in Carson City Nevada, analyzing how the women and management negotiate price with customers to compensate for the risks of legal sex work. Schrager continues with analyses of paparazzi stalking celebrities, a professional poker player, a Kentucky racehorse breeder and a Hawaiian jet ski surfer to draw out her five risk management principles. These are “No risk, no reward," “I’m irrational and I know it,” “Get the biggest bang for your risk buck,” “Be the Master of your domain” and “Uncertainty happens.”

Please come prepared to discuss which of Schrager’s examples and/or principles of risk are insightful for client interactions, professional development, and portfolio management.

The Los Angeles Public Library has 3 copies of the physical book, 12 ebook copies, and 7 audio copies. It’s also available to buy on Amazon, iBooks, and on the shelves of book retailers.

Biography
Schrager is a writer and co-founder of the risk advisory firm Lifecycle Finance Partners LLC. Schrager is a reporter at Quartz and has been a regular contributor to The Economist, Reuters and Bloomberg Businessweek. She has a Ph.D. in economics from Columbia University and published An Economist Walks Into a Brothel: And Other Unexpected Places to Understand Risk in April 2019. Her very interesting podcast discussing the book and her career with Bloomberg’s Barry Ritholtz can be streamed here

Registration Fees
$10 (Member) | $15 (Non-Member)

Registration is now CLOSED. Walk-ins Welcome.

Parking Information
Click links for address and rates

Pershing Square Garage: Rates vary

Central Library Parking: Rates vary

Joe's Auto Parks: $12 

Pacific Center Parking: $15


More Parking Options (Click link)

WARNING: Parking at Millennium Biltmore - $50 Daily Max; $4.50 each 15 minutes
Payment Information
We accept the following:

If you prefer to pay by check please email info@cfala.org and request to pay by check. Your registration will be completed manually and you will receive an email confirmation.

Mail Check To: 

CFA Society of Los Angeles, 520 S. Grand Ave, Suite 655, Los Angeles CA 90071.

*Credit card payments will only be accepted through the secure online registration, and not by phone or email.

Cancellations
Cancellations must be received in writing by 9:00 am the day prior to the event to receive a refund. No phone cancellations are accepted. Please fax to the CFALA office at (213) 613-1233 or e-mail info@cfala.org. Member “no-shows” will be billed the difference between the member fee and the non-member fee for the event which is posted on the CFALA website.
Chair: 
Charlotte Chamberlain, CFA and Don Brown, CFA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As a participant in the CFA Institute Approved-Provider Program, the CFA Society of Los Angeles has determined that this program qualifies for 1 credit hour. If you are a CFA Institute member, CE credit for your participation in this program will be automatically recorded in your CE Diary.
YouTube Facebook Twitter Instagram LinkedIn