
Nate Silver (On the Edge, The Signal and the Noise, Baseball Between the Numbers) is a statistician, author, and founder of FiveThirtyEight. Nate joins the Armchair Expert to discuss his youthful aspirations for a starter job as US president with a promotion to baseball commissioner, how code-switching as a gay man of his cohort can translate to success, and defying the odds by quitting his first job to play online poker. Nate and Dax talk about learning statistical models as a hobbyist because academics don’t have the street smarts, the phenomenon of sore winners in tech, and the adage that the more shabbily you show up for your first meeting the more trustworthy you are. Nate explains that the dopamine felt especially by men during a winning streak is effectively a narcotic, how figures like Sam Bankman-Fried are kind of degenerate gamblers at heart, and why the new alpha move in industry is just to trust your gut.Follow Armchair Expert on the Wondery App or wherever you get your podcasts. Watch new content on YouTube or listen to Armchair Expert early and ad-free by joining Wondery+ in the Wondery App, Apple Podcasts, or Spotify. Start your free trial by visiting wondery.com/links/armchair-expert-with-dax-shepard/ now.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Chapter 1: Who is Nate Silver and what is his background?
So, Nate, I want to start by saying happy birthday to you. Thank you. Happy birthday. Yeah, you're here on your birthday. This is a very Capricorn thing to do.
You kind of have a lot of shit packed together. You have the holidays already. It feels a little greedy to have your birthday. Self-indulging. Yeah, yeah. I don't want to have a birthday so soon after the holidays. Well, mine's the second.
So I'd argue mine's just 11 days worse than yours. Yay. Because it's right on the heels of all that. That's probably bad. And are you, in general, someone who has no desire to celebrate your birthday?
I come from a mixed family where my dad's side's very anti-celebration and my mom's side's very pro-celebration.
Okay.
I'm kind of balancing out the recessive traits. Okay.
You're right smack in the middle. Well, as I was learning a little bit more about your background, I was like, we have a lot in common here because I'm from Milford. Oh, cool. Which is what, 25 miles as the crow flies from East Lansing. And your dad taught at MSU or still does?
He retired a couple of years ago. But yeah, I taught at MSU. So like a university kid. It's a good place to grow up. I found that I have like an unconscious hiring bias toward Midwesterners. They're just grounded students.
Well, again, you want them somewhere on the spectrum where they're not constantly bitching about someone who tried to get one over on them. You know, we do have a big chip on our shoulder about feeling less than. So you want just the right amount of less than so they work their ass off, but not the kind that bitches all day.
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Chapter 2: How did Nate Silver's career in statistics begin?
Yeah, admits to doing coke. I like that.
Yeah, he looks and sounds unlike any presidential candidate before. And there's a lot of enthusiasm for him. So 2008 becomes this inflection point where I guess people thought there's so much more political participation now. I'm not trying to get too involved in the politics. But then we obviously kind of spin into all types of crazy directions after that.
I mean, life, there's a lot of luck, right? Like I felt I was lucky to be at this place where baseball stats really took off and then lucky to be at a point where people want Moneyball for X.
They want to datify everything in the world, basically.
So I have that skill set in the right place at the right time. And then 2008 is this big inflection point where politics becomes much more crazy and interesting. All of a sudden, politics is like not this crusty thing anymore. I'm not trying to be super partisan, but it felt like, OK, now you actually have an interesting politician who I actually want to hang out with.
But at any rate, 2008, you create a model to predict the outcome of that election and you start 538. That's right. By the way, I've known 538 for, I guess, the last however long it's been going. The Electoral College has 538 members.
Oh, members.
Yeah, did you know that right out of the gates?
I only think about 270 when I think about that.
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Chapter 3: What is Pocota and how does it relate to Moneyball?
Oh, all right. We had delayed. Liberty. Did you have Liberty cleaned?
Liberti does look a little cleaner than normal. I agree.
Oh, there's the shit on the ears. He's pretty disgusting, but he does still look a little... Looks like he ate a horse's ass out. Or a mule's.
He does look a little cleaner than usual. For the listener, I'm holding Liberti, my beanie baby, who's covered in poo-poo.
He's a mess.
He's sort of my lovey. Uh, uh, uh.
Just because he had value and he was really exclusive. That's not the reason to have a lovey.
He's my investment lovey.
This is my 401k. I still remember.
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