
Cautionary Tales Presents: Death Fraud and Other Risky Business
Cautionary Tales with Tim Harford
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.
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