Today we’re sharing an episode from another Pushkin Industries show that we think you’ll enjoy: How Trump is Getting the Game Theory Wrong from Risky Business. This week, Nate and Maria discuss Trump’s tariffs and analyze his strategy from a game theory perspective. They get into the difference between zero-sum and cooperative games, speculate on how Trump would act in the dictator game, and discuss the rationality of revenge. Then, they talk about the reboot of the infamous Fy...
Mar 10, 2025•40 min•Transcript available on Metacast Do we trust our fitness trackers too much? How do fraudsters gain our faith? Why do people trust podcasters? And would you trust a drug dealing nanny with a tambourine? Tim Harford is joined by trust expert Rachel Botsman to answer your questions. Rachel lectures in trust at Oxford University and her new audiobook How To Trust and Be Trusted is available via Pushkin.fm and wherever audiobooks are sold. We love hearing from you, so please keep your questions coming: tales@pushkin.fm . See omnystu...
Mar 07, 2025•41 min•Ep 10•Transcript available on Metacast When Ernest Borgnine gets his big break in Hollywood, he can hardly believe his luck. But soon he discovers his supposed star vehicle, Marty, is not the dream gig he thought it was. In this episode of Cautionary Tales, recorded live at the Bristol Festival of Economics, Tim Harford examines what happens when the murky world of tax avoidance collides with the glitz and glamour of Hollywood. For a full list of sources, see the show notes at timharford.com . See omnystudio.com/listener for privacy ...
Feb 28, 2025•39 min•Ep 9•Transcript available on Metacast "Down Under" was huge. This jokey ode to legendary Australian wanderlust helped Men at Work win a Grammy and was a key part of the band's creative legacy. By 2007, it had been earning Men At Work a steady stream of royalties for nearly 30 years. That was when a quiz show pointed out the song's subtle connection with an Australian nursery rhyme... Tim Harford examines one of the most controversial copyright battles in music history. Where does inspiration end and infringement begin? For a fu...
Feb 21, 2025•38 min•Ep 8•Transcript available on Metacast Tim Harford is joined by Ben Walter, CEO of Chase for Business and the host of "The Unshakeables" podcast, to explore the story of the trailblazing Widow Clicquot. Her namesake brand Veuve Clicquot revolutionized the champagne industry in the 19th century. Tim and Ben look at how she defied expectations and built one of the most iconic businesses in history. This episode is sponsored by Chase for Business. For a full list of sources, see the show notes at timharford.com . See omnystu...
Feb 19, 2025•21 min•Transcript available on Metacast Leah Washington and her new boyfriend Joe Pugh are on their first day out together. They're at Alton Towers theme park, where they've chosen to ride the "Smiler" rollercoaster: a terrifying tangle of track that loops and swoops through a world-record 14 inversions. Leah and Joe are seated right at the front of the train and, as they reach the highest point of the ride, they steel themselves for the drop. But then, quite suddenly, the ride stops. Down on the ground, the computer sy...
Feb 14, 2025•39 min•Ep 7•Transcript available on Metacast Cautionary Conversation: In the 1920s, a conman convinced America that goat testicles were the secret to male virility. Tim Harford and Dr Kate Lister (Betwixt the Sheets: The History of Sex, Scandal & Society) dive into the bizarre and grisly tale of "Doctor" John Brinkley. This snake oil salesman mobilised the power of radio marketing to build an empire on goat gland transplants and other quack "cures". And Brinkley might have got away with it, were it not for his nemesis: the tenacio...
Feb 07, 2025•38 min•Ep 6•Transcript available on Metacast Winston Trew has just been arrested for mugging. It's 1972 and the crime has recently made its way to Britain from the United States. Dangerous thugs, replicating their American counterparts, have made the city of London their hunting ground - so Winston's eventual conviction is a win for the police, and for the press. The problem is, 22-year-old Winston is completely innocent. Do you have a question for Tim Harford and Rachel Botsman about trust? Please send it in to tales@pushkin.fm...
Jan 31, 2025•42 min•Ep 5•Transcript available on Metacast In the bleak Russian winter of 1959, nine experienced hikers led by Igor Dyatlov set out on an expedition. None of them made it back alive. When their campsite was finally discovered, it told a chilling story: their tent was slashed open, bodies scattered across the snow. The hikers' injuries were as baffling as they were gruesome. One had had his head stoved in. Bits of bone had been driven into his brain. Others were missing their eyes and their tongues. Had the hikers angered the lo...
Jan 24, 2025•46 min•Ep 4•Transcript available on Metacast Two airplanes have just collided on the runway at Tenerife Airport. While no one on the Amsterdam-bound KLM plane survives the resulting fireball, 71 Pan-Am passengers and crew make it off their plane. But could it have been more? Why did so many Pan-Am passengers die, even though they weren’t injured by the initial collision and their plane was still on the ground? For a full list of sources see the show notes at timharford.com . See omnystudio.com/listener for privacy information....
Jan 17, 2025•37 min•Ep 3•Transcript available on Metacast “Evacuate the airport, we’ve planted bombs,” a terrorist tells the telephone operator at the airport in Gran Canaria, in 1977. By the end of that day, 583 people will have lost their lives – but not to a bomb explosion. The planes are diverted to the neighboring island of Tenerife. Loaded with passengers, they’re forced to sit on the hot tarmac for hours. Meanwhile, the flight crews rely on air traffic control to keep them updated. Two Boeing 747s are waiting for th...
Jan 10, 2025•33 min•Ep 2•Transcript available on Metacast Cautionary Tales returns with new episodes on January 10th. Lizzie J. Magie (played by Helena Bonham Carter) should be celebrated as the inventor of what would become Monopoly. But, even though she had a patent, her role in creating the smash hit board game was cynically ignored. Discrimination has marred the careers of many inventors and excluded others from the innovation economy entirely. Could crediting forgotten figures such as Lizzie Magie help change that? For a full list of sources,...
Jan 03, 2025•36 min•Ep 1•Transcript available on Metacast When James Dallas Egbert III was reported missing from his college dorm in 1979, one of America's most flamboyant private detectives was summoned to solve the case. "Dallas" faced the same problems as many teenagers, but P.I. William Dear stoked fears that he might have fallen under the evil spell of a mysterious and sinister game: Dungeons & Dragons... Tim Harford returns with brand new episodes of Cautionary Tales on January 10th. In the meantime, Merry Christmas from the Cautionary T...
Dec 20, 2024•38 min•Ep 27•Transcript available on Metacast Off the coast of an Italian island, an enormous cruise ship - seventeen floors high, three soccer pitches long - is tilting noticeably to one side. The local mayor is horrified: there are thousands of people on board the Costa Concordia, and it's only a matter of time before the ship capsizes altogether. How did a routine trip go so terribly wrong? And why is the captain nowhere to be found? For a full list of sources, see the show notes at timharford.com . See omnystudio.com/listener for privac...
Dec 06, 2024•37 min•Ep 26•Transcript available on Metacast It's the season of giving: colorful paper and shiny bows, sure, and charitable giving, too. In this special episode, Jacob Goldstein, the host of What's Your Problem , gets smart about donating. Did you know that spending money on others makes you happier than spending money on yourself? Or that altruistic nerds have discovered four of the most impactful charities in the world (per dollar spent)? Have you ever wondered how poker players think about giving? Dr. Laurie Santos from The Happiness La...
Dec 02, 2024•52 min•Transcript available on Metacast What really drove the 2008 financial crash? What’s a shadow bank? And what’s the connection between NIMBYs and BANANAs? Tim Harford and Jacob Goldstein answer more of your questions. Do you have a question for Tim? Please send it in to tales@pushkin.fm . See omnystudio.com/listener for privacy information.
Nov 22, 2024•43 min•Ep 25•Transcript available on Metacast Charles Darwin was stumped by peacocks. According to his theory of evolution, some creatures were better equipped to survive in their particular environment than others. It explained a lot - but it didn't explain the peacock's brightly coloured tail feathers, which were extravagant and cumbersome. Surely such plumage made it harder for peacocks to survive? It so happens that the life of Darwin's own grandfather offered clues to the puzzle of the peacock's tail - if only he'd known to look there....
Nov 08, 2024•41 min•Ep 24•Transcript available on Metacast In 1827, Edinburgh, Scotland was a world centre for anatomical study, but there was a shortage of cadavers for medical students to dissect. Two men, William Burke and William Hare, spotted a grim business opportunity. They began sourcing bodies - by any means possible... In this episode of Cautionary Tales - recorded live at the Podcast Show in London - true crime meets economics. Tim Harford's hair-raising story explores a question: what makes some markets acceptable, and others repugnant? For ...
Oct 25, 2024•42 min•Ep 23•Transcript available on Metacast Tim Harford joined Nate Silver and Maria Konnikova on their podcast Risky Business to discuss two of history’s most compelling swindlers: Sam Israel III and John Law. We hope you enjoy this episode of Risky Business . It's available wherever you listen to podcasts. See omnystudio.com/listener for privacy information.
Oct 14, 2024•48 min•Transcript available on Metacast India, 1930. Sarojini Naidu is marching towards a British-controlled saltwork; behind her is a long column of protestors all dressed in white. The great campaigner for India's Independence, Gandhi, is now in jail. In his place, he's chosen Naidu to lead this movement against the hard and fearsome British Empire. Naidu and her marchers want change, and they want to achieve it peacefully. India's fate, they believe, depends on a non-violent path to resistance. Today, there will be violence. But it...
Oct 11, 2024•44 min•Ep 22•Transcript available on Metacast Early morning, April 1789. Captain Bligh is abruptly dragged from his cabin. Wrists bound, bayonet pressed to his chest, he and a few loyal sailors are forced into a tiny launch and set adrift on the vast Pacific Ocean. This far from land, no-one is likely to survive for long. History remembers Captain Bligh as a cruel, petty tyrant. The reality is more complicated. Bligh championed rational thought and showed his men great kindness on that famous voyage on the Bounty - yet it ended in mutiny. S...
Sep 27, 2024•41 min•Ep 21•Transcript available on Metacast Paul Starrett has just won a major building contract. If everything goes according to plan, this will be the tallest building in the world. But will everything go according to plan? This prestigious new project will have Starrett's biggest workforce yet. Everyone will need to pull together, but labour relations in the United States have been rough. There have been tens of thousands of strikes in recent years, many ending in shootings and arbitrary mass arrests. Something else is bothering Starre...
Sep 13, 2024•40 min•Ep 20•Transcript available on Metacast Leo Durocher would stop at nothing to win. The baseball player-turned-manager was a skilled tactician and famously tough. But he also cheated, intimidated umpires and was violent; he was even known to beat up fans. Durocher was famous for coining the phrase "nice guys finish last" - but is that really true? Tim Harford and David Bodanis examine lessons from the life of a ruthless, pugnacious baseball star. This is the first episode of a four-part series about how to succeed without being a jerk....
Sep 13, 2024•39 min•Ep 19•Transcript available on Metacast Tim Harford's life has been building up to this moment. In this Cautionary Conversation, he discusses the works of his favorite author J.R.R. Tolkien and the social science at play in Amazon Prime's series The Rings of Power. What do elves and whistleblowers have in common? How can evil hide in plain sight? And where do orcs come from? Season 2 of The Rings of Power is available to watch on Prime Video from August 29th. See omnystudio.com/listener for privacy information....
Aug 30, 2024•45 min•Ep 18•Transcript available on Metacast Young doctor Jesse Lazear has deadly Yellow Fever. He thrashes around and convulses in his sick bed, and his vomit is black. He is just 34 when he dies. Curiously, mosquito expert Lazear was researching the disease when he became ill. Some historians think his infection wasn't an accident, and that he was secretly experimenting on himself... Today, human challenge trials - where volunteers are intentionally given a disease under the watchful eye of medical support - are rare. The authorities are...
Aug 16, 2024•40 min•Ep 17•Transcript available on Metacast Cautionary Conversation: Steve Jobs hated his phone so much that he smashed it against a wall. He also referred to mobile carriers as "orifices". Yet he went on to invent the world's most popular smartphone. Why did he change his mind? Tim Harford and organizational psychologist Adam Grant ( Think Again , Hidden Potential ) discuss the consequences of letting our ideas become part of our identity; when it's essential to adapt; and whether frogs really do stay sitting in slowly boiling water. See...
Aug 02, 2024•37 min•Ep 16•Transcript available on Metacast The disappearance and death of Mitrice Richardson remains Malibu, CA’s most baffling unsolved case. It’s been nearly 14 years since her remains were discovered in a remote canyon, and still, no one has been held accountable for her demise. To this day, her death remains an unsolved mystery. The truth lies in the remote Malibu community where Mitrice was last seen. And now, finally, people are starting to talk. Enjoy this episode from Lost Hills: Dark Canyon . Available wherever you listen to pod...
Jul 25, 2024•37 min•Transcript available on Metacast Panic has erupted in the cockpit of Air France Flight 447. The pilots are convinced they’ve lost control of the plane. It’s lurching violently. Then, it begins plummeting from the sky at breakneck speed, careening towards catastrophe. The pilots are sure they’re done-for. Only, they haven’t lost control of the aircraft at all: one simple manoeuvre could avoid disaster… In the age of artificial intelligence, we often compare humans and computers, asking ourselves which is “better”. But is this ev...
Jul 19, 2024•41 min•Ep 15•Transcript available on Metacast 
