Tim Harford’s long-running column in the Financial Times, “The Undercover Economist,” reveals the economic ideas behind everyday experiences. His first book, The Undercover Economist, was published in 30 languages and sold…
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Golden sparks are raining down on the Great Lafayette’s famous vaudeville show, “The Lion’s Bride”. They look like they’re part of the performance. They aren’t — and soon the theater is ablaze. The manager has to figure out how to save the 3000 audience members, now trapped in a burning building.
Thirty-five years earlier, the Brooklyn Theatre had gone up in flames too. The terrified spectators became a frantic, trampling mass, and hundreds perished in the flames and smoke. Panic in an emergency can kill. But keeping calm can also be lethal.