Tim Harford is joined by Jacob Goldstein to answer your questions. Does winning the lottery make you unhappy? Is Bitcoin bad for the economy? When does correlation imply causation? And what will Tim and Jacob do when the robot overlords come for their jobs?

We love hearing from you, so please keep your questions coming: tales@pushkin.fm.

Tim Harford is joined by Jacob Goldstein to answer your questions. Does winning the lottery make you unhappy? Is Bitcoin bad for the economy? When does correlation imply causation? And what will Tim and Jacob do when the robot overlords come for their jobs?
We love hearing from you, so please keep your questions coming: <a href="mailto:tales@pushkin.fm">tales@pushkin.fm</a>.

We tell our children unsettling fairy tales to teach them valuable lessons, but these Cautionary Tales are for the education of the grown ups – and they are all true. Tim Harford (Financial Times, BBC, author of “The Data Detective”) brings you stories of awful human error, tragic catastrophes, and hilarious fiascos. They'll delight you, scare you, but also make you wiser. New episodes every other Friday.

We tell our children unsettling fairy tales to teach them valuable lessons, but these Cautionary Tales are for the education of the grown ups – and they are all true. Tim Harford (Financial Times, BBC, author of “The Data Detective”) brings you stories of awful human error, tragic catastrophes, and hilarious fiascos. They'll delight you, scare you, but also make you wiser. New episodes every other Friday.

Cautionary Tales with Tim Harford

We tell our children unsettling fairy tales to teach them valuable life lessons, but these Cautionary Tales are for the education of the grown ups – and they are all true. Tim Harford (Financial Times, BBC, author of “The Data Detective” and “The Undercover Economist”) brings you stories of awful human error, tragic catastrophes, daring heists and hilarious fiascos. They'll delight you, scare you, but also make you wiser.

We tell our children unsettling fairy tales to teach them valuable life lessons, but these Cautionary Tales are for the education of the grown ups – and they are all true. Tim Harford (Financial Times, BBC, author of “The Data Detective” and “The Undercover Economist”) brings you stories of awful human error, tragic catastrophes, daring heists and hilarious fiascos. They'll delight you, scare you, but also make you wiser.

When the Robots Take Over... - Cautionary Questions

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/a4efe84f-d748-4730-98f5-b1770137cb8e/transcript

In the middle of the Pacific Ocean, in 1819, Owen Chase is standing on a slowly sinking ship. It's just been headbutted by an 85 foot whale. It's taking in water. And now the creature is coming back for another go. This is a whaling ship, and Chase is convinced that he observes "fury and vengeance" in the animal.

In 2010, an orca is performing for a crowd at SeaWorld - but he misses his mark and so he doesn't get his reward. That's when he grabs hold of his trainer, Dawn Brancheau, and pulls her under water. By the time he's finished, her savaged body has multiple fractures and dislocations. And her scalp has been ripped off.

To some observers, these whales were surely out for revenge. But how much is what we think we understand about the natural world shaped by human guilt?

For a full list of sources, see the show notes at timharford.com. 

In the middle of the Pacific Ocean, in 1819, Owen Chase is standing on a slowly sinking ship. It's just been headbutted by an 85 foot whale. It's taking in water. And now the creature is coming back for another go. This is a whaling ship, and Chase is convinced that he observes "fury and vengeance" in the animal.
In 2010, an orca is performing for a crowd at SeaWorld - but he misses his mark and so he doesn't get his reward. That's when he grabs hold of his trainer, Dawn Brancheau, and pulls her under water. By the time he's finished, her savaged body has multiple fractures and dislocations. And her scalp has been ripped off.
To some observers, these whales were surely out for revenge. But how much is what we think we understand about the natural world shaped by human guilt?
For a full list of sources, see the show notes at <a href="http://timharford.com/" data-saferedirecturl="https://www.google.com/url?q=http://timharford.com/&amp;source=gmail&amp;ust=1715790727025000&amp;usg=AOvVaw2lD_4SddgT1L_DExJTWz2y">timharford.com</a>.

The Revenge of the Whales

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/5e555529-f099-4812-8b3f-b170011b77bf/transcript

Neatly dressed in his suit, Hans Ferdinand Mayer was every inch the unassuming corporate executive. So, when he asked to borrow a typewriter from his hotel in Oslo, nobody could have guessed he would use it for one of the most extraordinary intelligence leaks in history.

Mayer's gloved fingers punched out the details of Nazi Germany's most sensitive military operations and, when he had finished, he immediately dispatched his documents to the British  —  who did nothing.

Why did the British ignore Mayer? Did they fail to pick out a crucial signal amid the noise of detail — or was something else going on?

This episode of Cautionary Tales is based, with permission, on Tom Whipple’s book The Battle of the Beams, which is available from all good booksellers.

For a full list of sources, see the show notes at timharford.com.

Neatly dressed in his suit, Hans Ferdinand Mayer was every inch the unassuming corporate executive. So, when he asked to borrow a typewriter from his hotel in Oslo, nobody could have guessed he would use it for one of the most extraordinary intelligence leaks in history.
Mayer's gloved fingers punched out the details of Nazi Germany's most sensitive military operations and, when he had finished, he immediately dispatched his documents to the British  —  who did nothing.
Why did the British ignore Mayer? Did they fail to pick out a crucial signal amid the noise of detail — or was something else going on?
This episode of Cautionary Tales is based, with permission, on Tom Whipple’s book The Battle of the Beams, which is available from all good booksellers.
For a full list of sources, see the show notes at <a href="http://timharford.com/" data-saferedirecturl="https://www.google.com/url?q=http://timharford.com/&amp;source=gmail&amp;ust=1715084619962000&amp;usg=AOvVaw3T-7S1scXGzEiEcVbYA7Dw">timharford.com</a>.

WW2: How Britain Ignored the Mother of All Secrets

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/3738e516-2035-472c-98b3-b16800ebdfe1/transcript

Sam Israel had a problem. The investors in his hedge fund, Bayou Capital, were expecting spectacular returns. Sam himself had spent years proclaiming the fund's brilliant results. But in reality, Sam had been marking his own homework, publishing fraudulent accounts and using these to lure in new investors. 

What to do? Well, the logical thing of course: wait around for an extraordinary profitable streak, and in the meantime keep up the ruse...

This episode of Cautionary Tales was recorded live at the Bristol Festival of Economics and studies three incredible investment scams. How do pyramid and ponzi schemes snowball out of control, flattening victim and fraudster alike?

For a full list of sources, see the show notes at timharford.com.

Sam Israel had a problem. The investors in his hedge fund, Bayou Capital, were expecting spectacular returns. Sam himself had spent years proclaiming the fund's brilliant results. But in reality, Sam had been marking his own homework, publishing fraudulent accounts and using these to lure in new investors. 
What to do? Well, the logical thing of course: wait around for an extraordinary profitable streak, and in the meantime keep up the ruse...
This episode of Cautionary Tales was recorded live at the Bristol Festival of Economics and studies three incredible investment scams. How do pyramid and ponzi schemes snowball out of control, flattening victim and fraudster alike?
For a full list of sources, see the show notes at <a href="http://timharford.com/" data-saferedirecturl="https://www.google.com/url?q=http://timharford.com/&amp;source=gmail&amp;ust=1714140875871000&amp;usg=AOvVaw1hFj8hZX2icQ34c5XZLfjg">timharford.com</a>.

The Fraudster's Guide to Magic Money

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/f32fbd45-a06c-4529-9698-b15d00fc4d33/transcript

When the Robots Take Over... - Cautionary Questions

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