Cautionary Tales with Tim Harford cover image

Cautionary Tales Presents: Death Fraud and Other Risky Business

Cautionary Tales with Tim Harford

00:00

The Illusions of Risk and Reward

This chapter examines a failed attempt to fake one's own death, showcasing the pitfalls of short-term thinking versus long-term planning. It explores the psychology behind high-stakes risk-taking, particularly in finance and gambling, and reflects on historical figures like John Law who embody these themes. Concluding with a poetic meditation on the transient nature of wealth, the chapter reveals how even the most promising ventures can unravel under pressure.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app