Navigating Risk Budgeting in Decision-Making

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The chapter delves into the concept of risk budgeting in decision-making, providing examples from various scenarios like Thanksgiving gatherings and different sports events. It highlights the importance of acknowledging risks while implementing mitigation strategies, and discusses how fatigue, stress, and fear can impact decision-making processes. The conversation also touches on societal divisions unveiled during the pandemic, irrational behaviors observed, and the challenges in understanding behaviors due to interconnected variables.

On today’s episode, Ryan has a wide-ranging conversation with professor and economist Emily Oster. They talk about how to balance your life with children, how to communicate positive messaging, how the American government handled the pandemic, and more.

Emily Oster is a professor of economics at Brown University, as well as the bestselling author of several books. Her most recent book, Cribsheet, aims to help improve decision making during the early years of parenting.

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