The Power of Nothing to Lose : The Hail Mary Effect in Politics, War, and Business
Author: Silber, William L.
ISBN: 9780063011526
RM136.50
Publisher,William Morrow
Publication Date,
Format, Hardcover
Weight,
No. of Pages, 242
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Shelf: Non-Fiction Books / Business Finance & Accounting / Economics
Shelf: Non-Fiction Books / Business Finance & Accounting / Economics
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In The Power of Nothing to Lose, award-winning economist William Silber explores the phenomenon in politics, war, and business, where situations with a big upside and limited downside trigger gambling behavior like with a Hail Mary. Silber describes in colorful detail how the American Revolution turned on such a gamble. The famous scene of Washington crossing the Delaware on Christmas night to attack the enemy may not look like a Hail Mary, but it was. Washington said days before his risky decision, "If this fails I think the game will be pretty well up." Rosa Parks remained seated in the white section of an Alabama bus, defying local segregation laws, an act that sparked the modern civil rights movement in America. It was a life-threatening decision for her, but she said, "I was not frightened. I just made up my mind that as long as we accepted that kind of treatment it would continue, so I had nothing to lose."
