Cautionary Tales with Tim Harford

Legends are made at the Olympics and this summer shows across the Pushkin network are bringing their unique takes to Olympic stories. This special episode includes excerpts from a few: a Cautionary Tale about underestimating female marathoners, a Jesse Owens story from Revisionist History’s series on Hitler’s Olympics, and—from What’s Your Problem—the new technology that’s helping Olympic athletes get stronger. Check out other show feeds as well, the Happiness Lab and A Slight Change of Plans are also going to the Games. Sylvia Blemker of Springbok Analytics on What’s Your Problem The Women Who Broke the Marathon Taboo on Cautionary Tales Hitler’s Olympics from Revisionist History See omnystudio.com/listener for privacy information.

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.

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.

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.

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.

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.

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.

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.

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.

Bonus: When Spanish conquistadors arrived in Peru in 1526, it was the beginning of the end for the Inca. Their bloody pursuit of gold, fame and fortune was rife with treachery and deceit. Within a few short years, the once-thriving Inca empire had been decimated. Tim Harford is joined by Dan Snow for a special crossover episode of Cautionary Tales and Dan Snow's History Hit. Tim and Dan first recap the spectacular defeat of the French knights at the Battle of Crécy in 1346, and then draw surprising parallels with the fall of the Inca Empire two centuries later. See omnystudio.com/listener for privacy information.

Nicolae Ceaușescu was not beloved. His regime was vicious and he treated Romania as his personal wallet: while Ceaușescu emptied the coffers to construct a vast, ornate palace, his people starved. He imposed disastrous population control policies on his country, too, which saw hundreds of thousands of unwanted children left to rot in squalid orphanages. Ceaușescu's rule endured for a quarter of a century - then crumbled overnight. How do dictatorships unravel? In a second episode, Tim Harford partners with HBO's new series "The Regime" to investigate real-life dictatorships and the social science that explains them. For a full list of sources, see the show notes at timharford.com. See omnystudio.com/listener for privacy information.

Why are so many autocrats germaphobes? Why was the truth so dangerous for Soviet engineers? And what can salami reveal to us about the mind of Vladimir Putin? This is the first of two special episodes in partnership with HBO's new series "The Regime". Tim Harford investigates real-life dictatorships and the social science that explains them, drawing on insights from game theory and psychology. For a full list of sources, see the show notes at timharford.com. See omnystudio.com/listener for privacy information.

The Happiness Lab’s Dr. Laurie Santos brings together other Pushkin hosts to mark the International Day of Happiness. Revisionist History’s Malcolm Gladwell talks about the benefits of the misery of running in a Canadian winter. Dr. Maya Shankar from A Slight Change of Plans talks about quieting her mental chatter. And Cautionary Tales host Tim Harford surprises everyone with the happiness lessons to be learned from a colonoscopy. Hear more of The Happiness Lab HERE. See omnystudio.com/listener for privacy information.

Chuck Yeager's plane pitched and rolled as it plummeted from the sky. He grappled with the controls inside the cockpit, but to no avail: he couldn't steady the aircraft. The test pilot was known for his nerves of steel but, as the barren Mojave Desert hurtled towards him, even he was afraid. What to do? It's tempting to think that adding to our lives - more action, more work, more possessions - will lead to greater success and happiness. But sometimes doing less is the better option, as Chuck Yeager was to learn the hard way. In their second crossover episode, Tim Harford teams up with Dr Laurie Santos (host of The Happiness Lab) to examine why subtraction can be so challenging and so helpful. See omnystudio.com/listener for privacy information.

As US troops approached a Nazi prison camp, they could hear agonized wailing. The stench of rotting flesh filled their nostrils. Moments later they discovered a pile of smoldering corpses, alongside emaciated survivors. Next to the concentration camp they found something else: tunnels filled with tools — and partially assembled rockets. The soldiers had hit upon the evil heart of the V2 manufacturing program: enslaved laborers, imprisoned underground. And the rocket program's director? Wernher von Braun had already fled. He now had just one concern: persuading the Americans to let him switch sides… For a full list of sources, see the show notes at timharford.com. Do you have a question for Tim? Send it to tales@pushkin.fm and we'll do our best to answer it in a Q&A episode. See omnystudio.com/listener for privacy information.

In the 1920s, Germany’s Society for Spaceship Travel boasted some of the sharpest scientific minds – like the incandescently brilliant young Wernher von Braun. But it had very little money, and progress was slow. Then, in 1932, the army made a proposal: it would fund more serious research if the enthusiasts at the Society would develop a rocket weapon. Despite a string of failures to launch, von Braun was able to convince key powerbrokers in Nazi Germany that they couldn’t afford to ignore rocket technology. How did he do it? And what happened when the murderous Heinrich Himmler made a play for the rocket program? For a full list of sources for this episode, visit timharford.com. Do you have a question for Tim? Send it to tales@pushkin.fm and we'll do our best to answer it in a Q&A episode. See omnystudio.com/listener for privacy information.

At the height of World War Two, British intelligence began receiving reports that the enemy was developing a rocket weapon. The idea seemed fantastical — resources in Nazi Germany were scarce and a rocket-building program defied economic logic. But one intelligence chief took the reports of a rocket weapon seriously and he managed to convince Winston Churchill to heed the threat too. The British Prime Minister gave the order to bomb Germany’s rocket factory to rubble, and 600 bomber planes embarked on a full-scale attempt to obliterate it. From the air, the damage appeared devastating. The British thought they had succeeded in crushing the rocket-building program. But they were wrong. For a full list of sources, see the show notes at timharford.com. Do you have a question for Tim? Send it to tales@pushkin.fm and we'll do our best to answer it in an upcoming Q&A episode. See omnystudio.com/listener for privacy information.

Teaser: In 1977, two planes collided on the runway at Tenerife Airport. Why did the crash happen? And, given that it took place on the ground, why didn't more people escape? In this new two-parter, Tim Harford explores the most deadly aviation accident in history. Both episodes are available now, ad-free, exclusively for subscribers to Pushkin+. If you're not already a subscriber, you can sign up for Pushkin+ on our Apple podcasts show page, or at pushkin.fm/plus. Do you have a question for Tim? Send it to tales@pushkin.fm and we'll do our best to answer it in an upcoming Q&A episode. See omnystudio.com/listener for privacy information.

One speechmaker inspired millions with his words, the other utterly destroyed his own multi-million-dollar business with just a few phrases. Civil rights icon Martin Luther King Jr (played by Jeffrey Wright of American Fiction, Westworld and The Hunger Games) and jewelry store owner Gerald Ratner offer a stark contrast on when you should stick to the script - and when you should take a risk. We're taking a short rest on Cautionary Tales this January. We'll be back again in February, with a treasure chest of gripping, hair-raising tales for your ears. While you wait, we wanted to share some classic episodes from the Cautionary Vault - this is one of our favorites. See omnystudio.com/listener for privacy information.

Torrey Canyon was one of the biggest and best ships in the world - but its captain and crew still needlessly steered it towards a deadly reef known as the Seven Stones. This course seemed like madness, but the type of thinking that resulted in this risky maneuver is something we're all prone to... We have a treasure chest of Cautionary Tales to bring you in 2024, but first we need to take a short rest. This week we're taking you all the way back to the start, with a classic episode from our Cautionary Tales vault. See omnystudio.com/listener for privacy information.