Why is fear of risk holding us back, and how can we regain the confidence to succeed at unexpected times?
There is something wrong with today's economy. People feel insecure and unable to fulfill their potential. We worry that the world has become too dangerous, that investment is reserved for the wealthy, that our savings may not be enough, and that it is all or nothing.We resort to a life free of ambiguity. Economist Alison Schrager argues that there has never been a better time to venture, however, as a society we have never been more risk-averse. She explains how fears surrounding risk are unfounded, and that these myths are the main reason so many are left behind. At the same time, the wealthy continue to take risks that generate huge profits and deepen economic disparities.Shrager blends economic history and ethology, tracing how our understanding and acceptance of risk has changed, and how we have become less willing to start a business, start a family, or even drive a car. In the midst of this, the secrets of the unconventional adventurers are revealed, from a hitman in the mafia to America's latest pioneer to a circus-rope player.
