Edward O. Thorp is a remarkable chap, and so this is a remarkable autobiography. A Depression-era child whose parents were smart but desperately poor, young Thorp took part-time jobs so that he could buy raw materials. As a boy,...
Resources
My recommendations for top podcasts, tweets, videos and anything else that makes economics fun.
Book of the Week 24 – Dark Data by David Hand
What is Dark Data? Consider the example of the 1986 Challenger shuttle disaster. Should the shuttle launch, despite fears that low temperatures might weaken the "o-ring" seals? A graph of seven previous occasions when the o-rings...
Book of the Week 23 – How To Be An Antiracist by Ibram X Kendi
'"Racist" and "antiracist" are like peelable name tags that are placed and replaced based on what someone is doing or not doing, supporting or expressing in each moment. These are not permanent tattoos. No one becomes a racist or...
Book of the Week 22 – The Biggest Bluff by Maria Konnikova
I've been a fan of Maria Konnikova's writing for a while. She's a Harvard-educated academic psychologist who switching to writing and turned out to be even better at that than psychology - her book, The Confidence Game, is a...
Book of the Week 21: Sleight of Mind by Matt Cook
Sleight of Mind offers "75 ingenious paradoxes in mathematics, physics and philosophy" - and there are many classics here - the Monty Hall problem; the Hilbert hotel; Feynman's sprinkler; Achilles and the Tortoise. I was expecting...
Book(s) of the Week 20: The Next Fifty Things That Made The Modern Economy
Okay, this week I'm plugging my own brand new book, The Next Fifty Things That Made The Modern Economy. At least, a little bit. But I have some other books to tell you about too. One of the joys of writing this book was to be able to pick up two or three wonderful...
Book of the Week 19: Humankind, by Rutger Bregman
Rutger Bregman's new book, Humankind: A Hopeful History, makes a simple argument: most people, most of the time, are decent. Whether this strikes you as absurd, or obvious, may depend on what side of bed you got out of. Bregman makes a strong case that we've been...
Book of the Week 18: The Unthinkable, by Amanda Ripley
What is it like to be caught up in the middle of an unthinkable disaster? Why are our responses to these extreme and unexpected events themselves often extreme and unexpected? Amanda Ripley began writing this book after interviewing survivors of the 9/11 attacks....
Book of the Week 16: The Ostrich Paradox
A brief shout-out this week for a brief-but-good book, The Ostrich Paradox: Why We Underprepare For Disasters by Robert Meyer and Howard Kunreuther. Meyer and Kunreuther combine a nice dose of behavioural science with some striking examples: Hurricane Sandy, Hurricane...