Risky Business with Nate Silver and Maria Konnikova
Risky Business is a weekly podcast about making better decisions. The hosts, Maria Konnikova and Nate Silver, are both journalists who moonlight as high-stakes poker players. On Risky Business, they bring their analytical framework to everything from politics to poker to personal decisions. Maria has a PhD in psychology and is the author of several books including, most recently, The Biggest Bluff. While researching the book, she inadvertently became a professional poker player, with over $500,000 in tournament winnings. She is a PokerStars Team Pro. Nate is the founder and former editor-in-chief of FiveThirtyEight, and one of the country’s leading election forecasters. He has over $800,000 in lifetime poker tournament winnings and his forthcoming book, On the Edge, is about gambling and risk. Risky Business is a co-production of iHeart Media and Pushkin Industries.
Episodes
Humanity’s attempts to achieve artificial superintelligence will be our downfall, according to If Anyone Builds It, Everyone Dies. That’s the new book out by AI experts Nates Soares and Eliezer Yudkowsky. And while their provocation may feel extreme in this moment when AI slop abounds and the media is hyping a bubble on the verge of bursting, Soares is so convinced of his argument that he’s calling for a complete ...
Despite a blue wave in recent state and local elections, Senate Democrats caved to Republican demands on the shutdown, giving up the health care subsidies they started the shutdown over nearly 50 days ago.
Nate and Maria argue that the Democrats are squandering their momentum, and discuss the consequences for key figures like Senate Minority Leader Chuck Schumer. They also reflect on the election of Zohran Mamdani, the Mayo...
From social media and dynamic pricing to meme stocks and AI hype, gamification has taken over our lives—and a recent op-ed argues that it’s even spread into our economy, driven by Trump. Nate and Maria discuss the psychology behind the “casino economy” and why speculation and risk are so addicting. They talk about what it means when governments, businesses, and individuals lean into risk even as buffers agai...
With traffic down, gambling down, and hotel prices bottoming out, everyone’s asking: Is Las Vegas dead? Nate and Maria wade into the frenzy with some real data and hard-won experience. They talk about why casinos are struggling, what this indicates for the broader economy, and why high-end steak houses are, in fact, a recession indicator.
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Last week, two federal indictments and several high-profile arrests rocked the NBA. One indictment accused defendants of sharing insider information to cheat at sports betting, and the other accused over 30 co-conspirators, including members of various mafia families, of rigging poker games.
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Nate and Maria sit down with the elite amateur runner Nicholas Thompson (who also happens to be the CEO of The Atlantic) to talk about his new book The Running Ground. They discuss what running can teach about productivity and fulfillment, his favorite brand of gels, and…his late-father’s brothel in Bali.
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We have a special episode for you today! In which Nate and Maria join their fellow Pushkin hosts to dive deep into the art of failure.
Tim Harford of Cautionary Tales shares stories of minor mistakes with massive consequences. Jonathan Goldstein of Heavyweight speaks with his friend, the writer Sheila Heti about the cost of mistakes and whether we're really in control of how many we make. And, our very own Nate and Maria give a gam...
Over the weekend, some 5 million people across the United States marched in ‘No Kings’ protests. Nate and Maria sit down to talk about why this matters, the psychology of protests, and how Democratic strategists can build on the momentum going forward.
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The 2025 Nobel Prizes have now been announced, and Maria convinces Nate to learn about the winners. They discuss the selection process, the economic award for research on “creative destruction,” and what prizes they should be considered for.
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Last week, Paramount bought digital news site The Free Press for $150 million, and made one of its founders, Bari Weiss, the new editor-in-chief of CBS. Everyone has opinions on Weiss…and so do Nate and Maria. They debate whether Weiss has the expertise to be editor-in-chief of a TV network, discuss what her appointment says about Paramount CEO David Ellison’s vision for the company, and judge whether this was a good o...
Pioneering primatologist and anthropologist Jane Goodall died last week at 91. Nate and Maria talk about Jane’s career path and how her research influenced the fields of both animal and human cognition. They also discuss the significance of the outsider status she held when she began her research, and what everyone can learn from outsiders.
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Nate and Maria discuss how and when the government shutdown is most likely to end. Then, they turn to OpenAI’s newest release: Sora 2, an AI video generation app that allows users to create a video from a text prompt. As Maria struggles to think of some possible positive uses for this app, Nate considers what its release tells us about Open AI's goals for the future.
From The Information: Why OpenAI Offered to Pay $500 Millio...
Nate and Maria discuss their favorite topic: poker! In this episode, they dive into the nuanced strategy of online poker: how to manage your schedule, how to prioritize information, and whether quantity trumps quality as you strive to improve.
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See omnystudio.com/listener for privacy information...
Eric Adams is out of the NYC mayoral race! Nate and Maria discuss his tenure as mayor, the timing of his announcement, and what this means for the remaining candidates. And — because it can be hard to remember a time before his multiple scandals and single-digit polling — they talk about the enthusiasm that once surrounded Adams, and what that arc says about the Democratic leadership vacuum. (And yes, they talk about Na...
The NBA is investigating the LA Clippers and team owner Steve Ballmer over allegations that star player Kawhi Leonard accepted a $28 million endorsement as a way to get around the league’s salary cap. The endorsement deal was with the now-defunct sustainable banking company Aspiration—a company in which Ballmer has invested. Nate and Maria talk about whether Ballmer tried to take a page out of the mob playbook, and how ...
Disney briefly pulled Jimmy Kimmel off the air last week for comments he made about Charlie Kirk’s alleged killer, after FCC Chair Brendan Carr threatened action against Disney and ABC. But this is not the first time the government has tried to censor the media: Maria walks us through a brief history of presidents trying to limit what the press says. Then, Nate and Maria discuss whether cancel culture led us to this particula...
It’s our first Saturday drop! Nate and Maria host former assistant US Attorney Elie Honig to discuss his new book, a brisk history of special counsels — plagued by politics, checked by presidents, declawed under Trump’s second term — and why rescuing the office matters.
Find Elie’s book here: When You Come At The King
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Nate and Maria share their reactions to last week’s assassination of conservative organizer and activist Charlie Kirk, who died after sustaining a gunshot wound at a speaking event on a Utah campus.
Then, they debate the Democrats’ strategy as a government shutdown looms — and Nate says what he would do if he were Chuck Schumer.
NOTE: Risky Business will now be in your feeds twice a week, on Wednesd...
Tesla has offered CEO Elon Musk a package worth $1 trillion to stay at the helm of the company — if he can hit a series of very ambitious goals. All of this comes in the midst of a serious dip in performance at the company, with stock falling 16% this year (partly as a result of Musk’s controversial moves on the world stage). So this week, Nate and Maria play armchair quarterback in a game of Good Call / Bad Call.
Then,...
Nate is on vacation this week, so Maria is joined by journalist David Epstein, author of The Sports Gene and Range. They talk about a new company that offers comprehensive genetic sequencing on embryos during the IVF process—at a high price. What are the ethics of this kind of technology? And what are the risks (and rewards) of trying to optimize your child’s genes? Plus, they discuss a topic they’ve been texting ...
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Hosts And Creators
Maria Konnikova
Nate Silver