Nate Silver, a political analyst and game theory expert, and Maria Konnikova, a best-selling author and psychologist, share their insights on game theory's role in sports and political corruption. They discuss whether paying politicians more could reduce corruption and the repercussions of smartphone bans in schools. Exploring personal decision-making through poker, they highlight the importance of adaptability and emotional discipline. With humor and expertise, they tackle the complexities of data privacy and the intertwined nature of economics in today's society.
43:54
forum Ask episode
web_stories AI Snips
view_agenda Chapters
menu_book Books
auto_awesome Transcript
info_circle Episode notes
insights INSIGHT
Game Theory in Decision-Making
Game theory uses mathematical models to analyze strategic decision-making like in poker or traffic patterns.
Real-life decisions involve anticipating others' moves and adapting strategies accordingly.
insights INSIGHT
Digital Data Preservation Challenges
Paper documents like the original Doomsday Book last centuries, while digital projects like laser discs rapidly become obsolete.
This highlights challenges in digital data preservation despite advanced technology.
insights INSIGHT
Smartphones in Schools Paradox
Smartphone bans in schools face subversion by students due to necessity and existing pervasive screen use.
Adults' screen habits influence kids, but restrictions aim to protect developing minds from distraction.
Get the Snipd Podcast app to discover more snips from this episode
Published in 1949, '1984' is a cautionary tale by George Orwell that explores the dangers of totalitarianism. The novel is set in a dystopian future where the world is divided into three super-states, with the protagonist Winston Smith living in Oceania, ruled by the mysterious and omnipotent leader Big Brother. Winston works at the Ministry of Truth, where he rewrites historical records to conform to the Party's ever-changing narrative. He begins an illicit love affair with Julia and starts to rebel against the Party, but they are eventually caught and subjected to brutal torture and indoctrination. The novel highlights themes of government surveillance, manipulation of language and history, and the suppression of individual freedom and independent thought.
The Biggest Bluff
Maria Konnikova
In 'The Biggest Bluff', Maria Konnikova recounts her transformation from a poker novice to a champion under the mentorship of Erik Seidel. The book delves into the psychological aspects of poker, highlighting lessons on self-awareness, decision-making, and the interplay between skill and chance. Konnikova's journey offers insights into human nature and personal growth, making it a compelling read beyond the realm of poker.
On the Edge
The Art of Risking Everything
Nate Silver
In 'On the Edge: The Art of Risking Everything', Nate Silver explores the world of 'the River', a community of risk-takers including poker players, hedge fund managers, crypto enthusiasts, and venture capitalists. Silver delves into the mindset and strategies of these individuals, who navigate uncertainty and complexity with a high tolerance for risk and an affinity for numbers. The book takes readers behind the scenes of casinos, venture capital firms, and the inner workings of the effective altruism movement, highlighting the impact of these risk-takers on technology and the global economy. Silver also critiques the flaws in the thinking of these 'Riverians' and discusses the broader implications of risk-taking in modern society[3][4][5].
Doomsday Book
Connie Willis
The Doomsday Book, commissioned by William the Conqueror in 1086, was a comprehensive survey of England's landholdings and population. It provided valuable data for taxation and governance, offering a detailed snapshot of medieval English society. The survey's meticulous record-keeping established a baseline for understanding land ownership, demographics, and economic resources. Its impact extended far beyond its immediate purpose, shaping future administrative practices and providing historians with an invaluable source of information. The Doomsday Book remains a significant historical artifact, illustrating the importance of accurate data collection for effective governance.
Can game theory be used to win a world cup? Can you pay the way out of political corruption? And are there winning strategies in life we don't use because we're too embarrassed? Tim teams up with Nate Silver and Maria Konnikova, poker connoisseurs and the hosts of podcast Risky Business to answer your questions, tackling everything from sports, to tariffs, to the evils of smartphones.
For a full list of sources, see the show notes at timharford.com.
Get ad-free episodes, plus an exclusive monthly bonus episode, to Cautionary Tales by subscribing to Pushkin+ on Apple Podcasts or Pushkin.fm. Pushkin+ subscribers can access ad-free episodes, full audiobooks exclusive binges, and bonus content for all Pushkin shows.
Cautionary Tales with Tim Harford 
