Cautionary Tales with Tim Harford cover image

Cautionary Tales with Tim Harford

Fritterin’ Away Genius

May 14, 2021
36:41

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Exploring diverse interests and projects can lead to rich and creative life experiences.
  • Embracing restlessness and 'fritterin' can contribute to a fuller life with lasting memories.

Deep dives

Edward Thorp and Claude Shannon Conquer Roulette with a Wearable Computer

In August 1961, Edward Thorp approaches Claude Shannon with a daring plan to beat roulette in Las Vegas. Thorp, an MIT mathematics instructor, and Shannon, a renowned computer scientist, team up to create a wearable computer that predicts the ball's landing on the roulette wheel. By timing the wheel and ball rotations, the computer gives Thorp signals through an earpiece, enabling them to predict around one-eighth of the wheel where the ball will land, granting them a 20% accuracy. Despite the successful device, the team decides to retire it after a single trip to Vegas.

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