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A blog written for those whose interests more or less match mine.

Michael Lewis: The Big Short author on how Trump is gambling with nuclear disaster

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I just started reading The Fifth Risk, Michael Lewis’s new book, and I found this interview about how he came to write the book quite interesting. Alex Blasdel writes in the Guardian:

Government positions left empty, cronyism, anti-government ideology – everything about Trump’s administration makes America more vulnerable to risk…

Michael Lewis began thinking about his new book, The Fifth Risk, in late 2016 or early 2017 during the weeks before Donald Trump’s inauguration. He was bedridden after surgery and was “laying there going crazy about Trump,” he recalls. Lewis had just published his latest bestseller, The Undoing Project, about two Israeli psychologists, the Nobel prize-winner Daniel Kahneman and Amos Tversky, who studied how people grapple with risk. “One of the insights that dropped out of some of their experiments was: people don’t,” Lewis says. “When you change something that has a one in a million chance of happening to a one in ten thousand chance, people don’t feel that.”

One way to think about the US government, Lewis realised, was as a manager of big risks – from military conflict, to financial collapse, to natural disaster. As risk-manager-in-chief, Trump now had the frightening ability to boost the odds of catastrophe from, say, one in a million to one in ten thousand “over a vast portfolio of risks”. “People sense an unease,” Lewis continues, “but nobody quite puts it that way.”

Continue reading.

See also: The 4 Most Alarming Revelations From Michael Lewis’ New Trump Tell-All ‘The Fifth Risk’

Written by Leisureguy

2 October 2018 at 10:16 am

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