The Adam Smith Society has launched virtual programming, a series of interactive online video briefings by policy experts on a variety of topics including the many dimensions of the evolving coronavirus crisis.

“The Economics of Risk: How Companies Respond to Shocks”

Economist Allison Schrager discussed how companies can manage risk they can anticipate, and how they can prepare for risks they never saw coming--as many are now. Reducing risk comes at a cost, and taking more risk offers more opportunities. The critical question for business is how to strike the right balance.