Cautionary Tales with Tim Harford

Airships, AI and Alan Cumming: Tim Answers Your Questions

18 snips
May 26, 2023
Join Jacob Goldstein, podcasting maestro and host of 'What's Your Problem?', as he collaborates with Tim on a listener Q&A session. They dive into why economics is often misunderstood and recount the dramatic tale of a small Hungarian airline's downfall. Hear insights on artificial intelligence's dual narratives, the art of storytelling in economic history, and even a glimpse into Tim's favorite role-playing games. The duo explores the importance of data and its interpretation, blending personal experiences with larger societal themes.
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ADVICE

Value Statistical Infrastructure

  • Politicians should prioritize supporting and valuing statistical infrastructure.
  • Good data is crucial for understanding the world and making informed decisions.
ANECDOTE

UK Immigration Measurement

  • The UK's method of measuring immigration by sampling major airports failed when a budget airline started flying to smaller airports.
  • This led to a significant undercount of immigrants and political ramifications.
ADVICE

Choosing Cautionary Tales

  • Look for variety in cautionary tales to avoid focusing only on economic disasters or stories involving men.
  • Systemic failures provide more analyzable lessons than individual errors.
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