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    Cautionary Tales with Tim Harford

    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 Friday.

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    Copyright: 2024 iHeartMedia, Inc. © Any use of this intellectual property for text and data mining or computational analysis including as training material for artificial intelligence systems is strictly prohibited without express written consent from iHeartMedia

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    Latest Episodes:
    The Human Guinea Pigs of Camp Lazear Aug 16, 2024
    Show notes

    Young doctor Jesse Lazear has deadly Yellow Fever. He thrashes around and convulses in his sick bed, and his vomit is black. He is just 34 when he dies.

    Curiously, mosquito expert Lazear was researching the disease when he became ill. Some historians think his infection wasn't an accident, and that he was secretly experimenting on himself...

    Today, human challenge trials - where volunteers are intentionally given a disease under the watchful eye of medical support - are rare. The authorities are wary of the risks involved. But such trials can also mean that vaccines are developed faster and thousands of lives are saved. Is it time to start thinking differently about experimenting on humans?

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

    See omnystudio.com/listener for privacy information.


    Embracing the Escape Fire (with Adam Grant) Aug 02, 2024
    Show notes

    Cautionary Conversation: Steve Jobs hated his phone so much that he smashed it against a wall. He also referred to mobile carriers as "orifices". Yet he went on to invent the world's most popular smartphone. Why did he change his mind?

    Tim Harford and organizational psychologist Adam Grant (Think Again, Hidden Potential) discuss the consequences of letting our ideas become part of our identity; when it's essential to adapt; and whether frogs really do stay sitting in slowly boiling water.

    See omnystudio.com/listener for privacy information.


    Cautionary Tales Presents Vultures from Lost Hills: Dark Canyon Jul 25, 2024
    Show notes

    The disappearance and death of Mitrice Richardson remains Malibu, CA’s most baffling unsolved case. It’s been nearly 14 years since her remains were discovered in a remote canyon, and still, no one has been held accountable for her demise.

    To this day, her death remains an unsolved mystery.

    The truth lies in the remote Malibu community where Mitrice was last seen. And now, finally, people are starting to talk.

    Enjoy this episode from Lost Hills: Dark Canyon. Available wherever you listen to podcasts.

    See omnystudio.com/listener for privacy information.


    Flying Too High: AI and Air France Flight 447 Jul 19, 2024
    Show notes

    Panic has erupted in the cockpit of Air France Flight 447. The pilots are convinced they’ve lost control of the plane. It’s lurching violently. Then, it begins plummeting from the sky at breakneck speed, careening towards catastrophe. The pilots are sure they’re done-for.

    Only, they haven’t lost control of the aircraft at all: one simple manoeuvre could avoid disaster…

    In the age of artificial intelligence, we often compare humans and computers, asking ourselves which is “better”. But is this even the right question? The case of Air France Flight 447 suggests it isn't - and that the consequences of asking the wrong question are disastrous.

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

    See omnystudio.com/listener for privacy information.


    Run, Switzer, Run: The Women Who Broke the Marathon Taboo Jul 05, 2024
    Show notes

    Until the 1960s, it was deemed too "dangerous" for women athletes to run distances longer than 200m - and a marathon would kill them, or leave them unable to have children. Rubbish, of course. But when Kathrine Switzer signed up for the 1967 Boston Marathon, it wasn't the distance that bothered her - it was the enraged race director trying to assault her.

    Thanks to pioneers like Kathrine, women have made huge strides in long distance running - and are now challenging the times of men in the very races they were banned from for so very long.

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

    Check out more Olympics related content from Pushkin Industries and iHeartPodcasts here.

    See omnystudio.com/listener for privacy information.


    Adidas v Puma: A Battle of Boots and Brothers Jun 21, 2024
    Show notes

    Adi and Rudi Dassler made sports shoes together - until a feud erupted between them. They set up competing companies, Adidas and Puma, and their bitter rivalry divided the sporting world, their family and even the inhabitants of their home town.

    The Dassler clan turned bickering into an art form - even drawing the likes of soccer legend Pele into their dispute. But did the brilliant fires of hatred produce two world-class companies, or was it a needless distraction from the Dasslers' love for their craft?

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

    Check out more Olympics related content from Pushkin Industries and iHeartPodcasts here.

    See omnystudio.com/listener for privacy information.


    The Revenge of the Whales Jun 07, 2024
    Show notes

    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.

    See omnystudio.com/listener for privacy information.


    When the Robots Take Over... - Cautionary Questions May 24, 2024
    Show notes

    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.

    See omnystudio.com/listener for privacy information.


    WW2: How Britain Ignored the Mother of All Secrets May 10, 2024
    Show notes

    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.

    See omnystudio.com/listener for privacy information.


    The Fraudster's Guide to Magic Money Apr 26, 2024
    Show notes

    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.

    See omnystudio.com/listener for privacy information.


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