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
We’re sharing another podcast we think you’ll enjoy, The Big Short Companion from Against the Rules, hosted by fellow Pushkin podcast host Michael Lewis. The Big Short is now 15 years old and to mark the occasion, Lewis narrated a new audiobook version of The Big Short and is looking back on how the 2008 financial crisis still affects the world today. To make sense of Wall Street’s hangover from the crash describe...
When Nate’s book “On The Edge” released in 2024, Maria interviewed him about why he wrote it and what we can learn from the enigmatic risk-loving community he calls The River.
Get your copy here
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The Leap from Maria Konnikova
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We’re closing out the year with some of our (and your) favorite episodes to date. First up: Nate and Maria’s conversation with Philadelphia 76ers President of Basketball Operations Daryl Morey about bringing game theory and probabilistic thinking to the NBA.
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The Leap from Maria Konnikova
Silver Bulletin from Nate Silver
Nate and Maria give out their second annual awards for decision-making in 2025: Who made the best decision this year? Who made the worst? Who were 2025’s biggest nits and degens? And which host had the best poker year?
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Nate has ridden in a Waymo, and it was like stepping into the future. Maria’s never been in one, but she’s been stuck behind a lot of autonomous vehicles… They swap human-driven car horror stories and discuss some of the risks and benefits of a future full of self-driving cars.
From the New York Times: The Data on Self-Driving Cars Is Clear. We Have to Change Course.
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Maria finally gets to reveal a project she’s been working on that’s been kept under wraps, and then it’s movie night on Risky Business! Nate and Maria talk about their favorite poker movies and explain why portrayals of poker for a movie audience often don’t get the game quite right. Plus, they share what poker movie they’d like to make and who’d play them in it.
For more from Nate and Maria...
Here’s a preview of another podcast we enjoy, Odd Lots with Tracy Alloway and Joe Weisenthal.
Odd Lots has some of the most interesting conversations in finance, markets and economics, and every episode has the “perfect guest” – from truckers and bakers to portfolio managers and CEOs. As longtime financial journalists with a wide breadth of experience, Joe and Tracy dive into everything from poultry farming ...
Nate and Maria game out the comparative benefits (and risks) of flying vs. driving vs. taking the train when traveling for the holidays. They also discuss Olivia Nuzzi’s new memoir, her ex-fiancé Ryan Lizza’s substack revelations about her, and the current state of journalistic ethics.
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According to the science, it really is better to give than receive. Donating a dollar; sharing a kind word or lending someone a hand changes lives, but can also hugely boost your happiness. So we're teaming up with other podcasts from Hidden Brain to Revisionist History to ask you to give to a charity helping some of the poorest people around. We're calling it #PodsFightPoverty.
This week we answer a question from listener Brandon, who’s noticed a rise in performance-enhancing drugs outside of sports. Nate and Maria discuss their own philosophies on PEDs, their impact on equilibriums, and what people risk when they decide to juice.
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The Leap from Maria Konnikova
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The WSOP’s NO LIMIT docuseries has been scrubbed from the internet following revelations that it includes AI-generated content, despite creator Dustin Ianotti’s explanation that the material “tracked closely” with other quotes and was only used for “faster scene transitions and narrative pacing."
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The Leap from Maria Konnikova
Most people are bad at spotting bluffs and tells – but there are ways to get better. Nate and Maria discuss tips and tricks from the poker tables with a live audience at Ludlow House in New York City.
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The Leap from Maria Konnikova
Silver Bulletin from Nate Silver
See omnystudio.com/listener for privacy information.
After months of resistance, President Trump made a striking reversal on the Epstein files this week, signaling he would sign legislation to release them. Nate and Maria discuss whether this is the start of a “lame duck” spiral for Trump, and whether (or to what extent) it will impact his tenure if the files do finally come to light.
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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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The Leap from Maria Konnikova
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...
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Hosts And Creators
Maria Konnikova
Nate Silver