How to Know When You Are Taking Enough Risk | Allison Schrager | TEDxSanAntonio

Risk-taking is vital to the American economy and to our personal development. And yet, there is evidence that Americans are taking fewer risks. But it’s not that we’ve become more risk-averse; we often think we’re taking risks when we really aren’t. It’s become increasingly common to confuse risk management with risk avoidance, when in fact there’s a big difference between the two. Risk management reduces the chance of failure, but the possibility of failing is still there nonetheless; that’s the critical difference. Even more surprising: risk avoidance is often riskier than risk management. Allison Schrager is an economist, journalist at Quartz, and co-founder of LifeCycle Finance Partners, LLC, a risk advisory firm.

Allison diversified her career by working in finance, policy, and media. She led retirement product innovation at Dimensional Fund Advisors and consulted to international organizations, including the OECD and IMF.

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This woman denies companies artificially increasing prices or price gouging customers.