NYALT Episode 97 –A Fireside Chat With William Silber
Risky decisions can sometimes pay-off and there is no shortage of examples where they have -from Hail Mary football passes in professional football games, to wartime strategies and investing decisions.
Economist William Silber discusses the phenomenon of Hail Mary’s, a topic he explores in great depth in his book The Power of Nothing to Lose -The Hail Mary Effect in Politics, War, and Business, with Robert Akeson.
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