This chapter examines the interconnectedness of gambling and stock market efficiency, highlighting how emotional investments can distort financial markets. It contrasts niche markets with large public events, offering insights into investment strategies while addressing the complexities of venture capital and hedge funds. The discussion also delves into the implications of artificial intelligence on capitalism, raising concerns about inequality and the future landscape of the economy.
What can we learn from the people who put everything on the line? Nate Silver talked to just about every type of gambler – poker players, venture capitalists, crypto traders – to find out.
Silver joins Ricky Mulvey for a conversation about expected value, Presidential polling, and risk. They also discuss:
- Why Adam Neumann keeps getting money.
- DraftKings’s surcharge for winning bets.
- Why bubbles are bigger in meme-ified worlds.
Companies mentioned: DKNG, MSFT
Host: Ricky Mulvey
Guest: Nate Silver
Producer: Mary Long
Engineer: Dez Jones, Chace Pryzlepa
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