DiscoverRisky Business with Nate Silver and Maria Konnikova
Risky Business with Nate Silver and Maria Konnikova
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Risky Business with Nate Silver and Maria Konnikova

Author: Pushkin Industries

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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.

82 Episodes
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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. 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.
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 Million For A Startup With Videogame Data 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.
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. 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.
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 Nate’s tweet). 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.
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 the league could deter this kind of behavior in the future.  Plus: Nate and Maria discuss a report from the Citizens Budget Commission that claims that New York’s share of millionaires is falling—and with it, the potential for revenue generation from taxes. Further Reading: From Pablo Torre Finds Out: Kawhi Leonard Signed a Secret $28M Deal. Steve Ballmer Funded a Fraud. We Followed the Money. Citizens Budget Commission Report: The Hidden Cost of New York’s Shrinking Millionaire Share  From the New York Times: New York Needs More Millionaires, Fiscal Watchdog Says” 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.
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 particular moment. Read Nate’s newsletter post, The political mood feels like 9/11 again For more from Nate and Maria, subscribe to their newsletters: The Leap from Maria Konnikova Silver Bulletin from Nate SilverSee omnystudio.com/listener for privacy information.
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 For more from Nate and Maria, subscribe to their newsletters: The Leap from Maria Konnikova Silver Bulletin from Nate SilverSee omnystudio.com/listener for privacy information.
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 Wednesdays and Saturdays. We will be pausing bonus content for the time being, but premium subscribers still get ad-free access to the entire Pushkin network. For more from Nate and Maria, subscribe to their newsletters: The Leap from Maria Konnikova Silver Bulletin from Nate SilverSee omnystudio.com/listener for privacy information.
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, they cut through the chatter over a modern masculinity crisis and get into the data. Is there really a crisis among men? Is it better to be a woman in 2025? Further Reading: Boy Crisis of 2025, Meet the ‘Boy Problem’ of the 1900s from NYT The ‘Boy Crisis’ Is Overblown from NYT For more from Nate and Maria, subscribe to their newsletters: The Leap from Maria Konnikova Silver Bulletin from Nate SilverSee omnystudio.com/listener for privacy information.
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 about for years: Does your name determine who you become? Further Reading: You can find more about David and his writing on his website, https://davidepstein.com/. For more from Nate and Maria, subscribe to their newsletters: The Leap from Maria Konnikova Silver Bulletin from Nate SilverSee omnystudio.com/listener for privacy information.
This week, Maria interviews reality TV legend Boston Rob. Rob has been on Survivor six times, and has also appeared on The Amazing Race, The Traitors, and Deal or No Deal Island. He’s a master strategist with a psychology background. He and Maria discuss how to build trust strategically in a competitive environment, how to read your opponents’ motivations, and why it’s so important to play to win. For more from Nate and Maria, subscribe to their newsletters: The Leap from Maria Konnikova Silver Bulletin from Nate SilverSee omnystudio.com/listener for privacy information.
As Texas embarks on a rare round of mid-decade redistricting and California threatens to answer with its own, Nate and Maria analyze the history, politics, and game theory of gerrymandering. For more from Nate and Maria, subscribe to their newsletters: The Leap from Maria Konnikova Silver Bulletin from Nate SilverSee omnystudio.com/listener for privacy information.
This week Nate and Maria discuss the release of GPT-5, the latest model from OpenAI. This model promises to be faster, smarter, and more useful while also reducing hallucinations and sycophancy. It also lets users choose among different AI “personalities.” What do Nate and Maria think so far? Then, they turn to the newly inked Nvidia trade deal, which notably includes a 15% cut of sales to China for the US government Further Reading: Ethical Issues In Advanced Artificial Intelligence by Nick Bostrom, 2003 SuperIntelligence: Paths, Dangers, Strategies by Nick Bostrom, 2014 For more from Nate and Maria, subscribe to their newsletters: The Leap from Maria Konnikova Silver Bulletin from Nate SilverSee omnystudio.com/listener for privacy information.
With all the frenzy last week around Jeffrey Epstein and ColdplayGate, you might have missed an important story: Trump’s new AI Action Plan. Released alongside three new executive orders on AI, the plan emphasizes deregulation, open sourcing, and “anti-woke” models in a race for industry dominance. Today, Nate and Maria get into the details and declare it… not bad? Further Reading: AI Action Plan  Zvi Mowshowitz America’s AI Action Plan Is Pretty Good For more from Nate and Maria, subscribe to their newsletters: The Leap from Maria Konnikova Silver Bulletin from Nate SilverSee omnystudio.com/listener for privacy information.
To wrap up our coverage of the World Series of Poker, we bring you a poker interview extravaganza. This year, Leo Margets became the second woman ever to make it to the Main Event final table—and the first since 1995. Nate and Maria chat with Leo about her approach to poker, why having fun helps her play better, and how she felt about her historic 2025 WSOP. Then, they interview poker legend Erik Seidel, who taught Maria to play the game. He talks about the camaraderie of the poker world, and shares his personal “no suffering” rule. For more from Nate and Maria, subscribe to their newsletters: The Leap from Maria Konnikova Silver Bulletin from Nate SilverSee omnystudio.com/listener for privacy information.
Nate and Maria share some updates from the final days of the World Series of Poker, and reflect on the importance of making peace with randomness. Then: the Trump administration’s sudden about face on the Epstein Files is ruffling feathers in his usually unruffle-able base. Will he be able to convince the true believers that there is, in fact, nothing to see here? And, how should we think about conspiracy theories in a world where conspiracies are sometimes real? For more from Nate and Maria, subscribe to their newsletters: The Leap from Maria Konnikova Silver Bulletin from Nate SilverSee omnystudio.com/listener for privacy information.
Early in the COVID pandemic, the US closed schools and sent kids home. And then, the schools stayed closed—even as they began to reopen in other parts of the world. Experts and officials claimed that these measures sprang from “an abundance of caution.” But what was the evidence on the necessity of keeping kids home? And, looking back, did the benefits of prolonged school closures outweigh the costs? This week, Nate interviews author and journalist David Zweig about his book examining COVID policies and school closure decisions during the pandemic. They get into why we tend to find cost-benefit analysis so difficult, how political polarization shaped decision-making during the pandemic, and how the COVID models failed. Further Reading:David Zweig’s book is An Abundance of Caution: American Schools, the Virus, and a Story of Bad Decisions For more from Nate and Maria, subscribe to their newsletters: The Leap from Maria Konnikova Silver Bulletin from Nate SilverSee omnystudio.com/listener for privacy information.
Nate and Maria take a quick break from the World Series of Poker to tape a live episode at the Aspen Ideas Festival. They give some updates on a scandal at the World Series, then discuss Zohran Mamdani’s recent win in New York City’s Democratic primary, and what it might mean for elections moving forward. They also discuss the language we use to convey probability, and why talking about it can be so difficult. Plus, they answer some audience questions. Further Reading: From Adam Kucharski’s newsletter, Understanding the unseen: Possibly a serious possibility From Silver Bulletin: Zohran delivered the Democratic establishment the thrashing it deserved For more from Nate and Maria, subscribe to their newsletters: The Leap from Maria Konnikova Silver Bulletin from Nate SilverSee omnystudio.com/listener for privacy information.
This week, Nate and Maria discuss Trump’s strikes on Iran. How can we understand this developing situation, without falling prey to our own biases? And when nuclear weapons are involved, how do risk calculations change?Plus, Nate and Maria recap another week at the World Series of Poker, which wouldn’t be complete without some controversy.For more from Nate and Maria, subscribe to their newsletters: The Leap from Maria Konnikova Silver Bulletin from Nate SilverSee omnystudio.com/listener for privacy information.
Can game theory be used to win a world cup? Can you pay the way out of political corruption? And are there winning strategies in life we don't use because we're too embarrassed? We're sharing this special episode of Cautionary Tales in which Nate and Maria make an appearance to answer listener questions with CT host Tim Harford.For a full list of sources, see the show notes at timharford.com.See omnystudio.com/listener for privacy information.
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