4.6 • 9.8K Ratings
🗓️ 29 October 2024
⏱️ 39 minutes
🧾️ Download transcript
As the US election nears, Michael Lewis sits down with Nate Silver, co-host of the Pushkin podcast Risky Business (along with the writer, psychologist and professional poker player Maria Konnikova). They talk about why people bet on elections, the problem with sports gamblers in the United States, and Silver’s new book, On the Edge: The Art of Risking Everything.
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0:00.0 | Pushkin. |
0:07.0 | Planet money helps you understand the economy. |
0:10.0 | We find the people at the center of the story. |
0:14.0 | Garbage in New York, that was like a controlled substance. |
0:18.0 | We show you how money influences everything. |
0:21.0 | Tell me what you like by telling me how you spend your money. |
0:24.5 | And we dig until we get answers. |
0:26.5 | I had a bad feeling you're going to bring that up. |
0:28.4 | Planet Money finds out. |
0:29.7 | All you have to do is listen, to Planet Money Podcast from NPR. Hi Michael Lewis here and this is against the rules. A big part of sports betting is |
0:46.3 | understanding risk and recently I spoke to an expert on that topic. Nate Silver |
0:51.0 | Nate's been on against the rules before talking about probabilities and election forecasts. |
0:56.0 | He's now the author of a new book called On the Edge. |
0:59.0 | And he's also the co-host of a Pushkin podcast called Risky Business, along with writers, |
1:04.7 | psychologists, and professional poker player, Maria Kanakova. |
1:08.4 | She's been on our show too. |
1:10.6 | Each week, Maria and Nate get into how to think about risk and decision making. |
1:15.0 | And this month they're also talking about the U.S. elections. |
1:19.0 | Nate and I had a fascinating conversation about why people bet on elections, |
1:23.0 | why there's so many stupid sports gamblers in the United States, |
1:26.1 | and how we each think about risk ourselves. |
1:29.4 | To start, I ask Nate about a key framework he uses in his book. It's called the River and the Village. |
... |
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