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 and Maria, subscribe to their newsletters:

The Leap from Maria Konnikova

Silver Bulletin from Nate Silver 

This week, Nate and Maria discuss Trump&rsquo;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 and Maria, subscribe to their newsletters:
<a href="https://mariakonnikova.substack.com/">The Leap</a> from Maria Konnikova
<a href="https://www.natesilver.net/">Silver Bulletin</a> from Nate Silver&nbsp;

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.

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.

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.

How Trump is Getting the Game Theory Wrong

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/9479ee9d-8748-4c2d-a03a-b298001f4f50/transcript

Streamed by millions every day, porn is everywhere. It shapes our culture, our relationships, and even technology. Yet, nobody seems to know who really controls the business. The power brokers tend to lurk in the shadows, while their performers remain quite literally exposed.

In Pushkin's new audiobook, The Kink Machine: The Hidden Business of Adult Entertainment, two Financial Times journalists, Patricia Nilsson and Alex Barker, start digging into the porn industry and following where the money flows. Their reporting uncovers a shadowy power structure that includes billionaires, tech geniuses, and the most powerful finance companies in the world.

A gripping exposé of how power operates behind the most taboo corner of the internet, Nilsson and Barker unravel a story about control, influence, and an industry with staggering cultural reach that no one really wants to talk about—until now.

Find The Kink Machine on Audible, Spotify, pushkin.fm, or wherever you get audiobooks.

Streamed by millions every day, porn is everywhere. It shapes our culture, our relationships, and even technology. Yet, nobody seems to know who really controls the business. The power brokers tend to lurk in the shadows, while their performers remain quite literally exposed.
In Pushkin's new audiobook, The Kink Machine: The Hidden Business of Adult Entertainment, two Financial Times journalists, Patricia Nilsson and Alex Barker, start digging into the porn industry and following where the money flows. Their reporting uncovers a shadowy power structure that includes billionaires, tech geniuses, and the most powerful finance companies in the world.
A gripping expos&eacute; of how power operates behind the most taboo corner of the internet, Nilsson and Barker unravel a story about control, influence, and an industry with staggering cultural reach that no one really wants to talk about&mdash;until now.
Find <a href="https://bio.to/KMPushkin">The Kink Machine</a> on Audible, Spotify, pushkin.fm, or wherever you get audiobooks.

From The Kink Machine: The Hidden Business of Pleasure

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/7271f1e9-9486-48bc-bf1e-b3ed002cebe1/transcript

In the final episode of Risky Business, Nate and Maria check in on the predictions they made back in January for 2025, and then talk about what they think might be in store in 2026.

For more from Nate and Maria, subscribe to their newsletters:

The Leap from Maria Konnikova

Silver Bulletin from Nate Silver 

In the final episode of Risky Business, Nate and Maria check in on the predictions they made back in January for 2025, and then talk about what they think might be in store in 2026.
<hr>
For more from Nate and Maria, subscribe to their newsletters:
<a href="https://mariakonnikova.substack.com/">The Leap</a>&nbsp;from Maria Konnikova
<a href="https://www.natesilver.net/">Silver Bulletin</a>&nbsp;from Nate Silver&nbsp;

Nate and Maria’s 2026 Predictions

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/7a0e9bb9-6eb7-4cf3-8241-b3ca015be790/transcript

We look back at Nate and Maria’s interview with former professional poker player Vanessa Selbst—the only woman ever to reach the number one ranking on the Global Poker Index. They discuss her experiences playing poker, her move into the world of finance, and why, at her first job after poker, she kept a giant bag of pennies underneath her desk.

For more from Nate and Maria, subscribe to their newsletters:

The Leap from Maria Konnikova

Silver Bulletin from Nate Silver 

We look back at Nate and Maria&rsquo;s interview with former professional poker player Vanessa Selbst&mdash;the only woman ever to reach the number one ranking on the Global Poker Index. They discuss her experiences playing poker, her move into the world of finance, and why, at her first job after poker, she kept a giant bag of pennies underneath her desk.
<hr>
For more from Nate and Maria, subscribe to their newsletters:
<a href="https://mariakonnikova.substack.com/">The Leap</a>&nbsp;from Maria Konnikova
<a href="https://www.natesilver.net/">Silver Bulletin</a>&nbsp;from Nate Silver&nbsp;

Best of Risky Business: Life After Poker (with Vanessa Selbst)

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/3e7740db-3f40-4d13-9eca-b3bc012446f9/transcript

How Trump is Getting the Game Theory Wrong

In 1 playlist(s)

Risky Business with Nate Silver and Maria Konnikova

Social links

Follow podcast

Recent clips