Risky Business with Nate Silver and Maria Konnikova

The next pope will be chosen through a ritualized process involving secret ballots, smoke signals, and a lock-in at the Sistine Chapel. Nate and Maria talk about how the papal conclave works, and what it has to teach us about group decision-making and the dynamics of secrecy. They also discuss the studio deal for the new movie Sinners, and share their own top negotiating tips. Plus, they play a ga...

This week, Nate and Maria talk about the Trump administration’s deportation of Kilmar Abrego Garcia without due process. The stakes are high–but immigration is a stronger issue for Trump in the court of public opinion than tariffs were. Picking a fight with Harvard may also be good politics for the administration. So: how should Democrats, and other anti-Trump forces, respond? Further...

This week, Nate and Maria discuss AI 2027, a new report from the AI Futures Project that lays out some pretty doom-y scenarios for our near-term AI future. They talk about how likely humans are to be misled by rogue AI, and whether current conflicts between the US and China will affect the way this all unfolds. Plus, Nate talks about the feedback he gave the AI 2027 writers after reading an early...

Nate and Maria discuss Trump’s latest round of tariffs. What is the strategy here, if any? What should other decision-makers – like Elon Musk or the United States’ Congress – do to intervene? And how should the average American react? For more from Nate and Maria, subscribe to their newsletters: The Leap from Maria Konnikova Silver Bulletin from Nate Silver  Get ad-fre...

This week – after a quick check in on their March Madness brackets – Nate and Maria discuss Trump’s showdown with the Ivy League. Should schools like Harvard and Columbia do more to stand up to the President’s demands? Then they turn to 23andMe, which has declared bankruptcy. They discuss privacy and whether it’s okay to swap your biometric data for more convenience a...

This week, Nate and Maria discuss The Atlantic’s bombshell report about how its top editor was added to a national security group chat, and get into why the most major security risk is never technology–it’s always people. Then, they give an update on their March Madness bracket contest, and try to figure out why on earth players have to wait until they’re 22 to join the WNB...

This week, Nate and Maria talk college basketball. Nate explains how he made his recently-released March Madness model. Then, they compare their tournament brackets. Maria gets some help from Sacramento Kings GM Monte McNair, but also makes one bracket entirely based on vibes. Nate mostly sticks to his model, but makes a few surprising picks. Check out Maria’s brackets here . For more from N...

Last week, Nate and Maria talked about the game theory of American diplomacy right now. This week, they look at it from the perspective of America’s biggest rival: China. How should China respond as the US turns away from the global stage? What new opportunities do they have? Plus, both hosts weigh in on the poker controversy surrounding a recent big win… that was actually a loss. For...

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 Fyre Festival, and why con artists so rarely reform. For more from Nate an...

This week, Nate and Maria discuss the asteroid that had a 3% chance of colliding with Earth . That risk is now closer to 0%—but, what does this example reveal about how to consider extremely costly events that are fairly unlikely to come to pass? Then, they touch on the latest World Series of Poker drama and challenge each other to a game of Roshambo. For more from Nate and Maria, subscribe...

This week, Maria speaks with trust expert Rachel Botsman about her new audiobook How To Trust and Be Trusted . What is trust? Why, even in the face of overwhelming evidence, do we sometimes trust the wrong people? And what can a luxury hotel teach us about how to repair a trust that’s been broken? And – for Pushkin+ subscribers – Nate and Maria answer a listener question about le...

Amid a maelstrom of executive orders and other presidential actions, Nate and Maria discuss best practices for staying focused on the important things. They also give their takes on what those important things are. And, they follow up on their Super Bowl prop bet – were there tears during the National Anthem? (They disagree – weigh in below.) Plus, Nate updates us on his housing search...

Our intuitive risk assessments can be way off–we’re too scared of hijackings, and not scared enough of crossing the street. This week, Nate and Maria discuss the real risks of plane travel, and of drinking alcohol. Then, they debate whether the sharp money is on heads or tails in the Super Bowl coin toss, and make a very serious bet about whether the national anthem will move any playe...

In the wake of DeepSeek’s explosive entrance into the AI chatbot world, Nate and Maria talk AI strategy. At the national level and the personal level, what benefits does this technology actually have – and is it worth it? Plus, we tackle a question from listener Hugh about how to win big at his friendly, amateur poker night. Good luck, Hugh! For more from Nate and Maria, subscribe to t...

What do the decisions Trump has made so far tell us about his strategy for his second term? And what strategic options do the Democrats have? Nate and Maria talk birthright citizenship, tech CEOs, memecoins, and pardons. And, Nate and Maria answer a listener question about the status of their driver’s licenses. For more from Nate and Maria, subscribe to their newsletters: The Leap from Maria...

Nate and Maria discuss the California wildfires. How do incentives in insurance markets drive decisions by homeowners – and by insurers? What’s the best way to make rational decisions about the disaster risks we all face? And they discuss a question from listener JM who asks what happens when the River and the Village mix it up in Washington? Further Reading: Colm Toíbin on the...

Nate and Maria share their predictions for the year to come, covering everything from the price of Bitcoin, to the fate of President Trump’s cabinet picks, to whether Nate will wear skinny jeans. For more from Nate and Maria, subscribe to their newsletters: The Leap from Maria Konnikova Silver Bulletin from Nate Silver  See omnystudio.com/listener for privacy information.

Maria talks to her friend Henry Rich about how he’s managed to find success in one of the world’s riskiest industries: restaurants. Themes include learning from failure, accounting for ruin, and finding meaning at work. For more from Nate and Maria, subscribe to their newsletters: The Leap from Maria Konnikova Silver Bulletin from Nate Silver  See omnystudio.com/listener for priva...

Nate and Maria talk about what Luigi Mangione can show us about the danger of black and white thinking, and how platforms like Bluesky and X create bubbles that make matters worse. Then, with the reigning world chess champion dethroned after a surprising choke, they discuss how they deal with high-stakes situations. Risky Business will be off next week. We’ll be back with a new episode on 1/...

What were the best, worst, and most interesting decisions of 2024, and what can we learn from them? Nate and Maria award the year’s most notable decisions in our first annual Riskies awards show. Also: degen of the year, nit of the year, and the cognitive bias that best explains 2024. Then, they give a quick poker update and answer a listener’s question about the expected value of lear...

Is Biden on tilt? Nate and Maria analyze the Hunter Biden pardon and try to find the line between false equivalence and equivalence. Then, inspired by the president’s present, they offer some thoughts on game-theory optimal gift giving for the holiday season. By the way, Nate and Maria will be hosting a poker meet up at the Bellagio next week! 12pm PST on 12/11 at the Bellagio poker room in Las Ve...

Nate and Maria share their game-theory-optimal travel strategies – the best time to get to the airport, the optimal airport meal, the value of rental car insurance, and more. Also: The biggest travel mistakes they ever made. Then, Maria breaks down a scandal in academic psychology research – and she and Nate discuss the underlying incentives that have led researchers to make bad decisions. Do you...

Nate and Maria talk through the game theory of how moderate Republican Senators are likely to react to Trump’s controversial cabinet nominees. Then, they discuss the new “Guardian Caps” the NFL has approved to lower the risk of concussion – and explain why most players are deciding not to wear them. For more from Nate and Maria, subscribe to their newsletters: The Leap from Maria Konnikova Silver...

Nate and Maria discuss the influence of Riverians like Elon Musk on the Trump Administration, and what’s next for Democrats looking ahead to 2026. Then, Maria tells Nate about a few key hands from the penultimate table of the North American Poker Tour Main Event.  For more from Nate and Maria, subscribe to their newsletters: The Leap from Maria Konnikova Silver Bulletin from Nate Silver  See omnys...

Nate and Maria take a closer look at the results of the election. They discuss polling errors, prediction markets, demographic shifts, and campaign strategy. And Nate shares some parting advice for President Biden. For more from Nate and Maria, subscribe to their newsletters: The Leap from Maria Konnikova Silver Bulletin from Nate Silver  See omnystudio.com/listener for privacy information.