16min chapter

Risky Business with Nate Silver and Maria Konnikova cover image

How to Win Bets and Influence Elections

Risky Business with Nate Silver and Maria Konnikova

CHAPTER

Unraveling FTX: Testimony and Consequences

This chapter explores Carolyn Ellison's testimony in the FTX fraud case and its implications for her former partner, Sam Bankman-Fried. The hosts analyze the role of risk assessment in both finance and gambling, drawing parallels with the Kelly Criterion. Additionally, the discussion touches on the dynamics of accountability and belief within the FTX organization, emphasizing the psychological relief stemming from confronting inevitable downfall.

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