Risky Business with Nate Silver and Maria Konnikova

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.

  • 43 minutes 29 seconds
    The Ivy League Bows to Trump, Plus Protecting Your Genetic Data and Your Time

    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 at the airport.

    Last but not least, they tackle the question of how to properly value your time.

    Further Reading:

    Kashmir Hill’s Your Face Belongs To Us 

    Sendhil Mullianathan’s research on time poverty 

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

    The Leap from Maria Konnikova

    Silver Bulletin from Nate Silver 

    Get ad-free episodes, and get your questions answered in an exclusive weekly bonus episode, of Risky Business by subscribing to Pushkin+ on Apple Podcasts or Pushkin.fm. Pushkin+ subscribers can access ad-free episodes, full audiobooks, exclusive binges, and bonus content for all Pushkin shows. 

    Subscribe on Apple: apple.co/pushkin
    Subscribe on Pushkin: pushkin.fm/plus

    See omnystudio.com/listener for privacy information.

    3 April 2025, 4:15 am
  • 41 minutes 26 seconds
    Group Chat Protocols, Bracket Updates, and thoughts on the WNBA

    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 WNBA.

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

    The Leap from Maria Konnikova

    Silver Bulletin from Nate Silver 

    Get ad-free episodes, and get your questions answered in an exclusive weekly bonus episode, of Risky Business by subscribing to Pushkin+ on Apple Podcasts or Pushkin.fm. Pushkin+ subscribers can access ad-free episodes, full audiobooks, exclusive binges, and bonus content for all Pushkin shows. 

    Subscribe on Apple: apple.co/pushkin
    Subscribe on Pushkin: pushkin.fm/plus

    See omnystudio.com/listener for privacy information.

    27 March 2025, 4:15 am
  • 42 minutes 3 seconds
    March Madness Bracket Extravaganza

    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 Nate and Maria, subscribe to their newsletters:

    The Leap from Maria Konnikova

    Silver Bulletin from Nate Silver 

    Get ad-free episodes, and get your questions answered in an exclusive weekly bonus episode, of Risky Business by subscribing to Pushkin+ on Apple Podcasts or Pushkin.fm. Pushkin+ subscribers can access ad-free episodes, full audiobooks, exclusive binges, and bonus content for all Pushkin shows. 

    Subscribe on Apple: apple.co/pushkin
    Subscribe on Pushkin: pushkin.fm/plus

    See omnystudio.com/listener for privacy information.

    19 March 2025, 4:15 am
  • 39 minutes 20 seconds
    China’s Best Moves, and How to React to a Dealer’s Mistake

    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 more from Nate and Maria, subscribe to their newsletters:

    The Leap from Maria Konnikova

    Silver Bulletin from Nate Silver 

    Get ad-free episodes, and get your questions answered in an exclusive weekly bonus episode, of Risky Business by subscribing to Pushkin+ on Apple Podcasts or Pushkin.fm. Pushkin+ subscribers can access ad-free episodes, full audiobooks, exclusive binges, and bonus content for all Pushkin shows. 

    Subscribe on Apple: apple.co/pushkin
    Subscribe on Pushkin: pushkin.fm/plus

    See omnystudio.com/listener for privacy information.

    13 March 2025, 4:15 am
  • 40 minutes 19 seconds
    How Trump is Getting the Game Theory Wrong

    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 

    See omnystudio.com/listener for privacy information.

    6 March 2025, 5:15 am
  • 43 minutes 28 seconds
    Thinking Smart About Low-Probability Events

    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 to their newsletters:

    The Leap from Maria Konnikova

    Silver Bulletin from Nate Silver 

    See omnystudio.com/listener for privacy information.

    27 February 2025, 5:15 am
  • 42 minutes 20 seconds
    Trust and Facing the Unknown (with Rachel Botsman)

    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 learning to feel the difference between probabilities.

    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.

    20 February 2025, 5:15 am
  • 41 minutes 10 seconds
    Trump’s First Three Weeks: What Actually Matters?

    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, and Pushkin+ subscribers get advice about how to pick a doctor.

    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.

    13 February 2025, 5:15 am
  • 43 minutes 34 seconds
    Air Travel, Alcohol, and How to Bet On a Coin Toss

    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 players or coaches to tears.

    Plus, Nate and Maria answer a listener question about the value of betting on underdogs for Pushkin+ subscribers.

    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.

    6 February 2025, 5:01 am
  • 46 minutes 51 seconds
    Should You Learn Poker from ChatGPT? And Other AI Questions

    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 their newsletters:

    The Leap from Maria Konnikova

    Silver Bulletin from Nate Silver 

    See omnystudio.com/listener for privacy information.

    30 January 2025, 5:01 am
  • 48 minutes 26 seconds
    Trump’s Strategy: Distraction and Executive Action

    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 Konnikova

    Silver Bulletin from Nate Silver 

    See omnystudio.com/listener for privacy information.

    23 January 2025, 5:01 am
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