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9min chapter
The Man Who Bet His House on a Pop Song - A Eurovision Tale
Cautionary Tales with Tim Harford
Forecasting Insights and Life's Unpredictability
This chapter explores the work of a psychologist in forecasting, particularly within economics and politics, examining the contrasting styles of super forecasters, who embrace complexity, against hedgehogs, who cling to singular narratives. It shares a personal story of a man navigating an unexpected health scare, illustrating life’s uncertainties, and discusses how these experiences informed his betting strategies in Eurovision. Through the lens of personal anecdote and professional insight, the chapter highlights the evolving nature of decision-making in light of new information.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode