Article 6PSP8 On the Edge by Nate Silver review – the art of risk-taking

On the Edge by Nate Silver review – the art of risk-taking

by
Steven Poole
from Technology | The Guardian on (#6PSP8)

From card sharps to crypto traders, a statistician asks what we can learn from the people prepared to gamble everything

Nothing is more interesting to poker players and less interesting to everyone else than a breathless recounting of who bet how much with a jack and six of clubs in some game years ago. There's an awful lot of that kind of thing in this book, which celebrates poker players as paradigmatic citizens of a global intellectual community it calls the River", which also counts among its inhabitants venture capitalists, crypto traders, fashionable philosophers and mild-mannered statisticians.

One such statistician, Nate Silver himself, came topublic prominence as a data-driven analyst of politicalpolls at his website FiveThirtyEight, which predicted the results of US elections in 2008 and 2012 with seemingly uncanny accuracy. But before that hewas a poker player, making money especially in thenascent internet-casino business, until Congress banned onlinepoker in 2006. That, he has said, was hispoliticalawakening.

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