Cautionary Tales with Tim Harford

Coming November 15 from Tim Harford and Pushkin Industries, Cautionary Tales relates a true story of a time when something did not go according to plan. Some of these true stories are tragic, some are comic, but like the great fables and parables, each of them has a moral. Equipped with the latest research from psychology, economics and the social sciences, Harford explains why things went so awry – and teaches us lessons that we won’t forget...

In this special episode of Cautionary Tales, we feature Cautionary Tales host Tim Harford's TED Talk Daily from 2018. What can we learn from the world's most enduringly creative people? They "slow-motion multitask," actively juggling multiple projects and moving between topics as the mood strikes -- without feeling hurried. Tim Harford shares how innovators like Einstein, Darwin, Twyla Tharp and Michael Crichton found their inspiration and productivity through cross-training their minds...

It's easy to mock statistics or cast doubt on them... but we do so at our peril. Undermining our trust in facts and figures can cause great harm, and even death. We should guard against it.

Tim Harford looks at how the seeds of doubt are planted in this mini-episode of Cautionary Tales to celebrate the release of his latest book...

Cautionary Tales' host Tim Harford has a new book - The Data Detective - setting out ten commandments for understanding the numbers, charts, graphs and statistics that bombard us every day. In this free extract, Tim explains his extra "golden" rule that allows us to observe all his other commandments - be curious. Enjoy.

Cautionary Tales returns February 26.

The Data Detective (Riverhead Books) is published in the US and Canada on February 2...

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 utter madness, but the thinking that resulted in such a risky manoeuvre is something we are all prone to do when we fixate on a goal and a plan to get us there.

Read more about Tim's work at http://timharford.com/

One crisp morning in Berlin, in 1906, a small group of soldiers were led on an extraordinary heist by a man they believed to be a Captain. So how did an ageing nobody in a fake uniform trick them into aiding him in the crime of the century? Some say we humans will obey orders from anyone who dresses the part... but the real reason why we fall for tricksters time and again is far more interesting. Fraudsters and charlatans reel us in slowly by using psychology against us...

Galileo tried to teach us that adding more and more layers to a system intended to avert disaster often makes catastrophe all the more likely to happen. His basic lesson has been ignored in nuclear power plants, financial markets and at the Oscars... all resulting in chaos.

Read more about Tim's work at http://timharford.com/

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A British Lord wanted to build the best airship in the world - and so he had two rival design teams battle it out to win the juicy government contract. Competition is supposed to bring the best out of people, but run in the wrong way it can cause people (and the things they produce) to fall apart in the most horrifying ways.

Read more about Tim's work at http://timharford.com/

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Both of the world’s greatest economists, Irving Fisher and John Maynard Keynes, thought they could see into the future and make a killing on the stock market - and then both were wiped out by the Wall Street Crash. One died a pauper, the other millionaire. What does it take to bounce back from ruin? Oh... and UFOs.

Read more about Tim's work at http://timharford.com/

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In 1917, a brilliant British officer developed a way to use an emerging military technology: the tank. The British army promptly squandered the idea – but the Germans did not. Blitzkrieg, the devastating advance of German tanks across Europe in 1940, was invented by the British.

This is a common story: Sony invented the forerunner of the iPod, Xerox the personal computer, and Kodak the digital camera. In each case they failed to capitalize on the idea...