Risky Business with Nate Silver and Maria Konnikova

Amazing Frauds, Faking Your Own Death, and the Latest on the Election

Aug 29, 2024

Tim Harford, an author and host of Cautionary Tales, dives deep into the riveting worlds of historical con artists like Sam Israel III and John Law. He reveals the psychological dynamics of Ponzi schemes and the motivations behind faking one's own death. With anecdotes that showcase the absurdity of deception, Harford discusses the risks of overconfidence in finance and the complex interplay between crime and decision-making. His insights provide a captivating look at the lessons buried within tales of fraud.

54:39

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Tim Harford

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Quick takeaways

The podcast highlights the complexities of electoral dynamics, particularly how Kamala Harris's polling may fluctuate following RFK Jr.'s endorsement of Donald Trump.

Tim Harford discusses historical con artists like Sam Israel III, illustrating the allure and risks involved in financial deception and fraud.

The hosts emphasize the dangers of short-term thinking in decision-making, showcasing how it often leads to unethical behavior and complex deceptions.

Deep dives

Introduction of Medal of Honor Podcast

The podcast features a new series called Medal of Honor, hosted by Malcolm Gladwell, aimed at celebrating the untold stories of individuals who protect the country. The series highlights the importance of recognizing and appreciating their sacrifices and contributions. By focusing on personal narratives, it seeks to create a deeper understanding of the experiences faced by military and public service personnel. Such stories often remain overlooked in mainstream discourse, making this initiative vital for honoring these heroes.

Beware the Illusion of Precision

01:21

Perception Shapes Reality

01:42

Intro

5min

Strategic Maneuvers and Polling Dynamics in Politics

3min

Political Maneuvering: Trump's Endorsement and Debate Strategy

2min

The Rise and Fall of Sam Israel

9min

The Illusions of a Con Artist: Faking Death and Financial Fraud

6min

The Risks of Deception: A Study in Absurdity

16min

Cautionary Tales in Monetary Policy

6min

The Dance of Deception and Decision-Making

15min

The Significance of Protection and Workplace Happiness

3min

Nate and Maria briefly discuss the latest election news. Then Tim Harford, author and host of Cautionary Tales, joins to discuss two of history’s most compelling con artists: Sam Israel III and John Law. Risk-related lessons are learned.

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