Risky Business with Nate Silver and Maria Konnikova
The Riskies: The Best, Worst, and Most Interesting Decisions of 2024
Dec 12, 2024
The hosts hand out their first annual Riskies awards, celebrating the best and worst decisions of 2024. Highlights include a daring trader's 'Hero Call' and a political blunder. They dive into cognitive biases impacting political choices, like the sunk cost fallacy, while also exploring notable moves in sports betting. Plus, there's a light-hearted poker update and a fascinating discussion on the cognitive benefits of learning multiple languages. It's a blend of strategy, insight, and entertainment!
40:19
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Quick takeaways
- The podcast humorously awards notable decisions of 2024, showcasing the duality of risk where bold bets can yield significant rewards.
- A discussion on the cognitive benefits of bilingualism highlights its value in enhancing personal experiences and delaying cognitive decline.
Deep dives
The Riskies Awards
The episode introduces the concept of the 'Riskies,' a humorous award series recognizing extraordinary decisions made throughout the year in various sectors like politics, business, and sports. Awards such as 'Hero Call of the Year' are handed out, with the example of ‘Theo, the French whale’, noted for placing a risky but ultimately profitable bet on Donald Trump's victory. This highlights the nature of risky decision-making, showcasing how bets on uncertain outcomes can yield significant rewards if executed correctly. The hosts stress the fun aspects of discussing the best and worst decisions of the year, highlighting that their awards create a playful way to analyze risk.
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