1 00:00:15,564 --> 00:00:28,804 Speaker 1: Pushkin. Welcome back to Risky Business, a show about making 2 00:00:28,844 --> 00:00:31,404 Speaker 1: better decisions. I'm Maria Kanigogo. 3 00:00:31,244 --> 00:00:32,204 Speaker 2: And I'm Nate Silver. 4 00:00:32,724 --> 00:00:36,244 Speaker 1: So today on the show, Nate, we're gonna first revisit 5 00:00:36,684 --> 00:00:40,324 Speaker 1: our predictions about the conclave. They were wrong, as was 6 00:00:40,364 --> 00:00:44,164 Speaker 1: basically everyone else's, and then talk a little Coker and 7 00:00:44,244 --> 00:00:45,764 Speaker 1: my recent trip to Monte Carlo. 8 00:00:46,484 --> 00:00:48,404 Speaker 2: And I'll try to slip in a few New York 9 00:00:48,444 --> 00:00:51,564 Speaker 2: Knicks references you may notice on the show. But we'll 10 00:00:51,564 --> 00:00:55,404 Speaker 2: also talk about the rampant use of chat GPT to 11 00:00:55,604 --> 00:00:58,844 Speaker 2: cheat on college campuses, inspired by a recent article in 12 00:00:58,884 --> 00:01:02,804 Speaker 2: New York Magazine. 13 00:01:07,044 --> 00:01:12,004 Speaker 1: So with that, Nate, let's dive in. I'm so sorry 14 00:01:12,084 --> 00:01:16,284 Speaker 1: that Pizza Bala did not end up becoming pope. That 15 00:01:16,284 --> 00:01:20,284 Speaker 1: would have been fun. However, pizza is definitely on everyone's 16 00:01:20,324 --> 00:01:24,164 Speaker 1: minds because the pope is from Chicago, and we all 17 00:01:24,204 --> 00:01:27,364 Speaker 1: know that Chicago is famous for its deep dish pizza. 18 00:01:27,484 --> 00:01:29,124 Speaker 1: In fact, Nate, the last time we had a meal 19 00:01:29,164 --> 00:01:30,804 Speaker 1: together was over Chicago style people. 20 00:01:30,884 --> 00:01:32,644 Speaker 2: You know, the last time we talked about Chicago, you 21 00:01:32,684 --> 00:01:35,724 Speaker 2: actually encouraged me to get peaquads pizza, which I know 22 00:01:35,844 --> 00:01:38,604 Speaker 2: and love and like, I had the whole it was 23 00:01:38,644 --> 00:01:42,244 Speaker 2: a lunch sized pizza. Right. I have not had that 24 00:01:42,404 --> 00:01:46,964 Speaker 2: accumulation of like that much dairy, I don't think in years. 25 00:01:47,044 --> 00:01:49,644 Speaker 2: Pick Quads is amazing. You should visit it. 26 00:01:49,724 --> 00:01:54,844 Speaker 1: This podcast is sponsored by Peaquad's Pizza use our affiliate length. 27 00:01:55,084 --> 00:01:59,244 Speaker 2: I'm just kidding, No, I found this very interesting because, like, 28 00:01:59,284 --> 00:02:03,084 Speaker 2: I lived in Chicago. The guy's a Chicago White Sox fan. 29 00:02:03,124 --> 00:02:05,604 Speaker 2: He's a Villanova a basketball fan, and attended Villanova, has 30 00:02:05,604 --> 00:02:08,244 Speaker 2: a mathematics degree. So it's like, you know, neither of 31 00:02:08,324 --> 00:02:10,204 Speaker 2: us are Catholic. We're not going to shock you with that, 32 00:02:10,324 --> 00:02:13,684 Speaker 2: I don't think, but like, it's very strange to have 33 00:02:13,724 --> 00:02:18,564 Speaker 2: a pope that's kind of like memeable and relatable to Americans. 34 00:02:20,124 --> 00:02:24,164 Speaker 2: And this was not well predicted at prediction markets. He 35 00:02:24,204 --> 00:02:28,164 Speaker 2: had had around a one percent chance of becoming the pope. 36 00:02:28,164 --> 00:02:31,004 Speaker 2: If you look at various shortlists and long lists published 37 00:02:31,004 --> 00:02:34,124 Speaker 2: by various userganizations. You know, the New York Times mentions 38 00:02:34,204 --> 00:02:36,604 Speaker 2: him in like the twentieth paragraph. The Washington Post doesn't 39 00:02:36,604 --> 00:02:39,324 Speaker 2: mention him at all, for example, and yet he won, 40 00:02:40,884 --> 00:02:43,284 Speaker 2: I believe after just the second day of the conclave. 41 00:02:43,324 --> 00:02:44,484 Speaker 2: Do you know how many ballots there. 42 00:02:44,364 --> 00:02:47,724 Speaker 1: Were we don't, but it was just over twenty four hours, 43 00:02:47,724 --> 00:02:50,324 Speaker 1: so it could not have been more than four ballots. 44 00:02:50,684 --> 00:02:53,284 Speaker 1: That would have been I think the maximum given the 45 00:02:53,324 --> 00:02:56,284 Speaker 1: amount of time, if I remember correctly about how the 46 00:02:56,284 --> 00:02:57,364 Speaker 1: ballot process works. 47 00:02:57,484 --> 00:03:00,644 Speaker 2: So once this decision came quickly, markets assumed that one 48 00:03:00,684 --> 00:03:02,324 Speaker 2: of the front runners is going to win, right, which 49 00:03:02,324 --> 00:03:06,004 Speaker 2: is a dynamic we had talked about on the program beforehand, 50 00:03:07,244 --> 00:03:09,284 Speaker 2: and that was you know, maybe he was a front runner, 51 00:03:09,324 --> 00:03:10,964 Speaker 2: but nobody knew it. So I think it was a 52 00:03:10,964 --> 00:03:15,804 Speaker 2: pretty big failure of both the conventional wisdom and crediction 53 00:03:15,964 --> 00:03:18,604 Speaker 2: markets right where. I guess the conclave is pretty good 54 00:03:18,644 --> 00:03:21,444 Speaker 2: at keeping secrets, maybe more than like, you know, than 55 00:03:21,444 --> 00:03:24,924 Speaker 2: the United States Congresses for example. There weren't a lot 56 00:03:24,964 --> 00:03:27,164 Speaker 2: of leaks, and I think it reflects the kind of 57 00:03:27,244 --> 00:03:31,404 Speaker 2: changing global climate toward the United States, right. You know. 58 00:03:31,524 --> 00:03:33,244 Speaker 2: One of the few outlets that did it in an 59 00:03:33,404 --> 00:03:34,964 Speaker 2: article about him was Axios, and they're like, well, this 60 00:03:34,964 --> 00:03:37,404 Speaker 2: would never happen because the Catholic Church doesn't want to 61 00:03:37,444 --> 00:03:39,844 Speaker 2: give the US government more influence, or the United States 62 00:03:39,884 --> 00:03:41,924 Speaker 2: and not the government, I guess, more influence. It's like, well, 63 00:03:41,924 --> 00:03:43,764 Speaker 2: what do they want to influence the United States, right, 64 00:03:43,764 --> 00:03:47,604 Speaker 2: and have some counterweight to President Trump. You know what's 65 00:03:47,604 --> 00:03:49,964 Speaker 2: a good counterweight, you know, probably not the Speaker of 66 00:03:50,004 --> 00:03:52,244 Speaker 2: the House. Maybe the pope is like the only person 67 00:03:52,324 --> 00:03:56,364 Speaker 2: who can be like on a stage as a counterweight. 68 00:03:56,444 --> 00:04:00,564 Speaker 2: And you know, Greemost had had an active Twitter account too, right, 69 00:04:00,604 --> 00:04:03,764 Speaker 2: He had criticized mostly through retweets, not things he wrote himself, 70 00:04:04,324 --> 00:04:09,244 Speaker 2: criticized JD. Vance criticized the deportation of Kilmar Abrego Garcia 71 00:04:09,564 --> 00:04:13,324 Speaker 2: Marilyn Man who was accidentally sent to an l Salador 72 00:04:13,404 --> 00:04:17,644 Speaker 2: in prison. And so it's making a. 73 00:04:17,604 --> 00:04:21,244 Speaker 1: Statement, Yeah, And I think that I think that we 74 00:04:21,364 --> 00:04:26,924 Speaker 1: see that psychologically something happened here and also something that 75 00:04:27,284 --> 00:04:28,844 Speaker 1: you and I have talked about night that you write 76 00:04:28,884 --> 00:04:33,484 Speaker 1: about in terms of kind of how betting and prediction 77 00:04:33,564 --> 00:04:36,364 Speaker 1: markets work. So the first part of the psychology part, 78 00:04:36,404 --> 00:04:40,244 Speaker 1: I think people had kind of bad priors, right, and 79 00:04:40,484 --> 00:04:45,164 Speaker 1: let kind of their biases in an historical precedent influence 80 00:04:45,284 --> 00:04:48,164 Speaker 1: this a little bit too much, saying oh, you know, well, 81 00:04:48,604 --> 00:04:52,364 Speaker 1: an American could never be pope and you can't have 82 00:04:52,404 --> 00:04:56,244 Speaker 1: that sort of blanket statement rights, that's a bias where 83 00:04:56,764 --> 00:05:01,804 Speaker 1: you are you're actually kind of anchoring yourself to a 84 00:05:01,924 --> 00:05:05,324 Speaker 1: really incorrect starting point, which gets into my second point 85 00:05:05,324 --> 00:05:07,884 Speaker 1: that you've written about, which is that this is not 86 00:05:08,044 --> 00:05:12,124 Speaker 1: an event where we have tons of data and statistics. Right, 87 00:05:12,164 --> 00:05:14,844 Speaker 1: this isn't the super Bowl that happens every single year. 88 00:05:15,284 --> 00:05:17,724 Speaker 1: Like the last time that we had a papal election 89 00:05:17,844 --> 00:05:21,004 Speaker 1: was what twelve years ago? And you know, there have 90 00:05:21,484 --> 00:05:24,644 Speaker 1: been decades where there haven't where there hasn't been one, 91 00:05:24,964 --> 00:05:28,364 Speaker 1: and the world changes and different things change, and people 92 00:05:28,404 --> 00:05:32,444 Speaker 1: don't know much about what happens inside the Vatican and 93 00:05:32,484 --> 00:05:35,084 Speaker 1: all of that, and yet we think, right, we're a 94 00:05:35,124 --> 00:05:38,284 Speaker 1: little bit overconfident in thinking that we know more than 95 00:05:38,324 --> 00:05:40,724 Speaker 1: we do and that we have more data than we do. 96 00:05:40,924 --> 00:05:45,604 Speaker 1: It's always incredibly incredibly risky to make predictions based on incomplete, 97 00:05:45,684 --> 00:05:46,484 Speaker 1: faulty data. 98 00:05:46,604 --> 00:05:50,124 Speaker 2: Yeah, and look, prediction markets can accentuate that when people 99 00:05:50,124 --> 00:05:53,164 Speaker 2: are like, well they're pretty smart, someone must do something right, 100 00:05:53,204 --> 00:05:56,764 Speaker 2: and they are smart in many circumstances. Right, In general, 101 00:05:56,964 --> 00:06:00,804 Speaker 2: there is in markets various kinds of a long shot bias, 102 00:06:00,924 --> 00:06:03,404 Speaker 2: meaning people are actually a little bit under confident relative 103 00:06:03,444 --> 00:06:05,724 Speaker 2: to the favorite usually prevailing. But if you have no 104 00:06:05,804 --> 00:06:09,604 Speaker 2: information to go off, right, you know, there are what 105 00:06:09,684 --> 00:06:12,724 Speaker 2: a two hundred and fifty one cardinals in the College 106 00:06:12,844 --> 00:06:18,244 Speaker 2: of Cardinals. Right. You know, technically speaking, any baptized Catholic 107 00:06:18,324 --> 00:06:21,204 Speaker 2: male is eligible to become pope. Right. I'm not saying 108 00:06:21,244 --> 00:06:22,804 Speaker 2: you just want to spin a wheel one in two 109 00:06:22,884 --> 00:06:28,244 Speaker 2: hundred and fifty one or whatever. But but you know, 110 00:06:28,444 --> 00:06:30,844 Speaker 2: especially after the white smoke came out and people like, oh, 111 00:06:30,884 --> 00:06:33,684 Speaker 2: now we know for sure, right, this is a case 112 00:06:33,724 --> 00:06:36,964 Speaker 2: where the conditions were not in place for prediction markets 113 00:06:37,004 --> 00:06:38,364 Speaker 2: to be particularly wise. 114 00:06:39,044 --> 00:06:42,284 Speaker 1: Yeah, and you actually you write on the edge a 115 00:06:42,324 --> 00:06:46,044 Speaker 1: little bit about how prediction markets and sports betting falters 116 00:06:46,084 --> 00:06:48,444 Speaker 1: and certain events where there's dumb money as well, right, 117 00:06:48,484 --> 00:06:52,044 Speaker 1: where there's a proliferation of people who don't know as 118 00:06:52,084 --> 00:06:54,284 Speaker 1: much about it that some events are much easier to 119 00:06:54,324 --> 00:06:58,404 Speaker 1: bet on than others, just depending on who the betters are. 120 00:06:58,564 --> 00:07:00,884 Speaker 1: And I think from a psychological standpoint, you also get 121 00:07:00,884 --> 00:07:04,684 Speaker 1: into these groups think echo chambers, where you start amplifying 122 00:07:04,804 --> 00:07:08,044 Speaker 1: things that are already kind of front runners, et cetera, 123 00:07:08,124 --> 00:07:11,884 Speaker 1: et cetera. Not for any good reason, right, but oh well, 124 00:07:11,884 --> 00:07:14,244 Speaker 1: because he said so, I guess I think so. And 125 00:07:14,284 --> 00:07:16,604 Speaker 1: then on and on it goes. It's like those psych 126 00:07:16,684 --> 00:07:19,564 Speaker 1: studies right where there's a number of statistic that's been 127 00:07:19,604 --> 00:07:22,284 Speaker 1: cited thousands of times, and then you actually try to 128 00:07:22,364 --> 00:07:24,764 Speaker 1: unravel it and figure out, way, where did we get this? 129 00:07:24,844 --> 00:07:27,164 Speaker 1: And you find the study from nineteen sixty four that 130 00:07:27,284 --> 00:07:29,644 Speaker 1: was based on twelve people, and that's where the number 131 00:07:29,684 --> 00:07:31,844 Speaker 1: came from, and you're like, whoa, whoa, whoa. This number 132 00:07:31,884 --> 00:07:35,884 Speaker 1: that has now become gospel is actually incredibly suspect. That 133 00:07:35,924 --> 00:07:38,484 Speaker 1: has happened to me so many times where I've actually 134 00:07:38,524 --> 00:07:40,804 Speaker 1: tried to kind of retrace the steps of how it happens. 135 00:07:41,044 --> 00:07:43,444 Speaker 1: But especially with social media and kind of the way 136 00:07:43,484 --> 00:07:46,684 Speaker 1: information spreads these days, it's very easy to create those effects. 137 00:07:47,204 --> 00:07:49,604 Speaker 2: And if you actually make sports bets, especially I'm betting 138 00:07:49,644 --> 00:07:53,324 Speaker 2: the NBA playoffs a little bit go Nix, by the way, 139 00:07:54,124 --> 00:07:57,324 Speaker 2: you'll sometimes see lines where you're like, this doesn't make 140 00:07:57,364 --> 00:08:00,884 Speaker 2: any sense, right, So somebody must know something, or the 141 00:08:00,964 --> 00:08:05,484 Speaker 2: market must be accounting for some psychological factor or some 142 00:08:05,684 --> 00:08:11,364 Speaker 2: injury that like I'm not accounting for, right, And if 143 00:08:11,364 --> 00:08:13,604 Speaker 2: that were always true, then you could say, Okay, even 144 00:08:13,644 --> 00:08:16,124 Speaker 2: though my model says that Nick's have a forty percent chance, 145 00:08:16,604 --> 00:08:18,244 Speaker 2: the market applug, you just have a twenty percent chance. 146 00:08:18,244 --> 00:08:20,004 Speaker 2: So maybe the twenty percent actually of the good bet here, 147 00:08:20,044 --> 00:08:22,044 Speaker 2: and if you're making our sports bets, you learn that 148 00:08:22,084 --> 00:08:24,724 Speaker 2: it's not predictable when the market knows something and when 149 00:08:24,724 --> 00:08:27,604 Speaker 2: it doesn't. Obviously, markets are tough to beat in general, 150 00:08:27,684 --> 00:08:29,644 Speaker 2: but sometimes it is full of shit, right and many 151 00:08:29,684 --> 00:08:33,364 Speaker 2: times it's not, And you're the one feeling embarrassed after all. 152 00:08:33,404 --> 00:08:36,084 Speaker 2: Instead you say, boy, you know Vegas is so smart, 153 00:08:36,124 --> 00:08:37,684 Speaker 2: but like it's not always smart? Right if it was 154 00:08:37,724 --> 00:08:42,404 Speaker 2: always smart? Yeah, piggyback off it and you kind of can't. 155 00:08:42,804 --> 00:08:45,284 Speaker 1: Dude, I have a question for you, what you know 156 00:08:45,444 --> 00:08:47,844 Speaker 1: if if you were to say, okay, there's a skill 157 00:08:47,884 --> 00:08:50,204 Speaker 1: set and maybe the answer is no to figuring out 158 00:08:50,244 --> 00:08:52,524 Speaker 1: other than what we've already talked about, right events that 159 00:08:52,564 --> 00:08:55,524 Speaker 1: happen frequently, versus not to figuring out, Okay, these are 160 00:08:55,564 --> 00:08:58,564 Speaker 1: things that prediction markets are probably smarter on and these 161 00:08:58,564 --> 00:09:00,804 Speaker 1: are where they're not right. Is there is there a 162 00:09:00,804 --> 00:09:03,124 Speaker 1: way that you think about that, like how to figure 163 00:09:03,124 --> 00:09:05,324 Speaker 1: out you know what, I shouldn't be listening to the 164 00:09:05,684 --> 00:09:08,844 Speaker 1: experts in this particular case, I shouldn't be listening to 165 00:09:08,844 --> 00:09:11,164 Speaker 1: the markets particular case, because I think that's actually a 166 00:09:11,204 --> 00:09:12,124 Speaker 1: really interesting question. 167 00:09:12,444 --> 00:09:14,524 Speaker 2: I mean, you've touched on some of this, right, Like, 168 00:09:14,684 --> 00:09:18,924 Speaker 2: you know, question one is how much domain knowledge does 169 00:09:18,964 --> 00:09:21,924 Speaker 2: the average trader have? I mean, the average person's betting 170 00:09:22,364 --> 00:09:25,724 Speaker 2: on the NBA of the NFL probably knows more about 171 00:09:25,724 --> 00:09:28,084 Speaker 2: the NBA and the NFL, And the average person betting 172 00:09:28,124 --> 00:09:30,484 Speaker 2: at polymarket on the identity of the pope knows about 173 00:09:30,484 --> 00:09:32,364 Speaker 2: the Catholic church. Frankly, I don't think the kind of 174 00:09:32,644 --> 00:09:35,244 Speaker 2: church following personality type overlaps much with the you know, 175 00:09:35,324 --> 00:09:40,844 Speaker 2: crypto adjacent prediction market startup betting type person Right. Next 176 00:09:40,924 --> 00:09:44,764 Speaker 2: is is there are there institutional investors professional class of 177 00:09:44,764 --> 00:09:48,844 Speaker 2: investors who are who are sucking up the week money 178 00:09:48,844 --> 00:09:50,164 Speaker 2: to make the market balance? 179 00:09:50,284 --> 00:09:50,444 Speaker 1: Right? 180 00:09:50,604 --> 00:09:57,044 Speaker 2: Or you know, so for example for elections, investment banks 181 00:09:57,084 --> 00:10:00,724 Speaker 2: and hedge funds and rich gamblers like all our betting 182 00:10:01,324 --> 00:10:04,084 Speaker 2: serious money, there's a professional class. Certainly that's true for 183 00:10:05,044 --> 00:10:07,924 Speaker 2: the Super Bowl or anything like that. Right. Again, the 184 00:10:07,964 --> 00:10:11,604 Speaker 2: pope doesn't probably have action geopolitical consequences in the same way, 185 00:10:11,644 --> 00:10:13,964 Speaker 2: so he probably don't have that. Right. Is it a 186 00:10:14,004 --> 00:10:16,484 Speaker 2: repeated thing where people can calibrate their models? Is it 187 00:10:16,524 --> 00:10:21,564 Speaker 2: even mathematically modelable by anything beyond like very naive methods? 188 00:10:21,644 --> 00:10:21,764 Speaker 1: Right? 189 00:10:21,804 --> 00:10:23,564 Speaker 2: And I mean, you know, models are hard for a 190 00:10:23,604 --> 00:10:26,604 Speaker 2: lot of things, but that puts like some bumpers on 191 00:10:26,684 --> 00:10:30,284 Speaker 2: how far unmored a prediction can get right. And so 192 00:10:30,324 --> 00:10:34,044 Speaker 2: all these boxes are not checked for papal predictions, whereas 193 00:10:34,044 --> 00:10:36,444 Speaker 2: they might be forbidding in the playoffs in the NBA. 194 00:10:36,844 --> 00:10:39,084 Speaker 1: Yeah, that makes a lot of sense. And by the way, 195 00:10:39,124 --> 00:10:43,844 Speaker 1: I saw someone was writing about kind of did anyone 196 00:10:43,844 --> 00:10:46,524 Speaker 1: predict this? And there was one publication that actually had 197 00:10:46,604 --> 00:10:49,764 Speaker 1: Robert Privost as one of the top contenders, and it 198 00:10:49,804 --> 00:10:52,484 Speaker 1: was a Catholic like it was a niche Catholic publication, 199 00:10:52,604 --> 00:10:54,724 Speaker 1: I don't remember which one it was. Didn't have them 200 00:10:54,764 --> 00:10:57,164 Speaker 1: as the front runner, but it at least mentioned his name. 201 00:10:57,404 --> 00:10:59,524 Speaker 1: You and I, by the way, didn't even mention his name. Right, 202 00:10:59,564 --> 00:11:01,524 Speaker 1: he wasn't on our radar because he wasn't on the 203 00:11:01,604 --> 00:11:06,084 Speaker 1: radar of any of the sources that we actually well. 204 00:11:06,284 --> 00:11:08,524 Speaker 2: If anything, you think there might be a bias for 205 00:11:08,524 --> 00:11:10,764 Speaker 2: we're saying, oh, there's just cogo guy might become pope, right, 206 00:11:10,764 --> 00:11:14,124 Speaker 2: you think there might be more coverage and moves might be, 207 00:11:14,164 --> 00:11:15,684 Speaker 2: Oh you got to short him, They're gonna, you know, 208 00:11:15,764 --> 00:11:18,964 Speaker 2: not pick an American guy. But I he just kind 209 00:11:18,964 --> 00:11:23,404 Speaker 2: of didn't really enter the conversation very much, except you know, 210 00:11:23,444 --> 00:11:25,004 Speaker 2: I did be done a see article, you know for 211 00:11:25,044 --> 00:11:27,404 Speaker 2: like a Catholic source. They kind of said, oh, it's 212 00:11:27,404 --> 00:11:29,924 Speaker 2: interesting that people are betting on the pope. We're not 213 00:11:29,964 --> 00:11:32,124 Speaker 2: sure how we feel about that as Catholics, but they're 214 00:11:32,164 --> 00:11:35,324 Speaker 2: way over confident because nobody knows anything right and that 215 00:11:35,364 --> 00:11:36,204 Speaker 2: proved to be prescient. 216 00:11:37,004 --> 00:11:41,284 Speaker 1: Yeah, absolutely, all right, so so let's let's see how 217 00:11:41,324 --> 00:11:44,244 Speaker 1: he ends up doing and let's see how how this 218 00:11:44,324 --> 00:11:45,284 Speaker 1: all ends up going. 219 00:11:45,604 --> 00:11:51,884 Speaker 2: So America is winning, Maria. Uh the Knicks are winning. 220 00:11:52,884 --> 00:11:56,564 Speaker 1: Which makes it I'm doubly happy because as an ex Bostonian, 221 00:11:56,724 --> 00:11:59,964 Speaker 1: I hate Boston sports fans. Really, they just suck, and 222 00:12:00,044 --> 00:12:03,324 Speaker 1: so I'm i anti sweat the Celtics, and as a 223 00:12:03,364 --> 00:12:07,524 Speaker 1: New Yorker, I'm pro next. So I'm just I'm deliriously happy. 224 00:12:07,684 --> 00:12:10,364 Speaker 1: I'm actually interested in the outcome of these games today. 225 00:12:11,444 --> 00:12:14,044 Speaker 2: But you're winning too, So tell me about, uh our 226 00:12:14,084 --> 00:12:17,244 Speaker 2: telling me and the audience about this win you had 227 00:12:17,244 --> 00:12:17,964 Speaker 2: in Monte Carlo. 228 00:12:18,764 --> 00:12:22,684 Speaker 1: Yeah, So I just came back from EPT Monte Carlo, 229 00:12:22,764 --> 00:12:25,924 Speaker 1: which is the Poker Stars signature stop on the European 230 00:12:26,004 --> 00:12:29,084 Speaker 1: Poker Tour. Beautiful venuinate. I hope you come next year. 231 00:12:30,444 --> 00:12:33,804 Speaker 1: But I had not been having a good trip at all. 232 00:12:34,764 --> 00:12:36,844 Speaker 1: I've never cashed in the main event there. I still 233 00:12:36,884 --> 00:12:39,284 Speaker 1: did not cash in the main event, ended up playing 234 00:12:39,284 --> 00:12:42,324 Speaker 1: a twenty five K, did not cash in that. When 235 00:12:42,404 --> 00:12:45,364 Speaker 1: you don't cash those big events, it doesn't feel good, 236 00:12:46,044 --> 00:12:49,964 Speaker 1: and just was running horribly right. I kept getting two 237 00:12:50,004 --> 00:12:52,124 Speaker 1: out at three out and four outed. For our non 238 00:12:52,644 --> 00:12:57,204 Speaker 1: poker playing fans, that means, you know, improbable combinations of 239 00:12:57,244 --> 00:12:59,684 Speaker 1: cards kept getting there against me, and so I was 240 00:12:59,764 --> 00:13:03,684 Speaker 1: just very discouraged. And I ended up winning the final event, 241 00:13:04,524 --> 00:13:07,884 Speaker 1: which was a really really nice way to end the trip. 242 00:13:08,364 --> 00:13:12,044 Speaker 1: And the final that was actually a turbo structure, which 243 00:13:12,244 --> 00:13:15,644 Speaker 1: is very different from kind of your standard tournament. It 244 00:13:15,724 --> 00:13:19,884 Speaker 1: means that the blind levels aren't increasing quite quickly, and 245 00:13:19,924 --> 00:13:23,964 Speaker 1: so your strategy actually has to change a little bit, because, yes, 246 00:13:24,044 --> 00:13:26,444 Speaker 1: you might start with two hundred big blinds, and whereas 247 00:13:26,644 --> 00:13:28,484 Speaker 1: you know, in a normal tournament you might have that 248 00:13:28,684 --> 00:13:33,084 Speaker 1: for forty minutes, half an hour, an hour, whatever it is. 249 00:13:33,444 --> 00:13:37,684 Speaker 1: Here like suddenly, if you don't do stuff in twenty minutes, 250 00:13:37,724 --> 00:13:40,084 Speaker 1: you look and you have thirty big blinds left, right, 251 00:13:40,084 --> 00:13:44,124 Speaker 1: Because the blind structure is moving so quickly. It's such 252 00:13:44,164 --> 00:13:47,484 Speaker 1: a dynamic tournament, and so in situations like this, you 253 00:13:47,604 --> 00:13:50,164 Speaker 1: need to be first of all, more aggressive, right. You 254 00:13:50,284 --> 00:13:52,364 Speaker 1: need to play. You can't just sit around waiting for 255 00:13:52,404 --> 00:13:55,324 Speaker 1: good hands, because otherwise you will blind out. This is 256 00:13:55,364 --> 00:13:58,284 Speaker 1: one of those cases where doing nothing is doing something, 257 00:13:58,564 --> 00:14:01,364 Speaker 1: and it's not a good thing, and you have to 258 00:14:01,404 --> 00:14:06,804 Speaker 1: actually be a little bit different with the hand combinations 259 00:14:06,844 --> 00:14:09,964 Speaker 1: that you choose to play because very quickly, this is 260 00:14:10,004 --> 00:14:12,964 Speaker 1: not deep stacked poker, this is short stacked poker. So 261 00:14:13,004 --> 00:14:15,204 Speaker 1: the value of hands changes. So you need to play 262 00:14:15,244 --> 00:14:19,324 Speaker 1: high card hands much more, low suited connectors much less, 263 00:14:19,724 --> 00:14:23,044 Speaker 1: because you'll get into situations where people are going to 264 00:14:23,044 --> 00:14:26,204 Speaker 1: get very short, especially people who didn't play correctly right 265 00:14:26,244 --> 00:14:28,764 Speaker 1: and who now find themselves with very few chips, and 266 00:14:28,844 --> 00:14:31,124 Speaker 1: they're going to shove on you, which means they're going 267 00:14:31,124 --> 00:14:32,964 Speaker 1: to put all their chips in the middle. And you 268 00:14:33,124 --> 00:14:36,244 Speaker 1: have to know that in advance and know how you're 269 00:14:36,244 --> 00:14:38,684 Speaker 1: going to respond and be in a situation where you 270 00:14:38,804 --> 00:14:42,044 Speaker 1: can have a hand that can call those shoves, because 271 00:14:42,084 --> 00:14:44,044 Speaker 1: otherwise you're also going to bleed chips right if you 272 00:14:44,124 --> 00:14:47,284 Speaker 1: open too much and then keep folding when people are 273 00:14:47,284 --> 00:14:51,164 Speaker 1: aggressive against you, and so it's a slightly different mindset, 274 00:14:51,484 --> 00:14:53,444 Speaker 1: and it does require I think a lot of preparation 275 00:14:53,724 --> 00:14:55,804 Speaker 1: ahead of time because you don't have much time to think. 276 00:14:56,284 --> 00:14:58,204 Speaker 1: You just need to know your range as well. You 277 00:14:58,244 --> 00:14:59,604 Speaker 1: need to know your cards well, you need to know 278 00:14:59,644 --> 00:15:02,124 Speaker 1: your response as well. We had a ten second shot 279 00:15:02,164 --> 00:15:04,684 Speaker 1: clock in this tournament, so you had ten seconds to 280 00:15:04,684 --> 00:15:07,644 Speaker 1: make every single decision, no matter what street you were on. 281 00:15:07,924 --> 00:15:09,884 Speaker 1: And we had a few time banks, and each of 282 00:15:09,884 --> 00:15:12,244 Speaker 1: those time banks and it was ten seconds. So it's 283 00:15:12,284 --> 00:15:15,364 Speaker 1: actually kind of beautiful. It's a very it's fun because 284 00:15:15,524 --> 00:15:19,964 Speaker 1: it's so dynamic and so much happens, but there's also 285 00:15:19,964 --> 00:15:21,964 Speaker 1: an element of luck when you get into a fast 286 00:15:21,964 --> 00:15:22,724 Speaker 1: structure like that. 287 00:15:23,044 --> 00:15:26,884 Speaker 2: This is a one day tournament or yes, okay, yeah, Look. 288 00:15:26,884 --> 00:15:28,404 Speaker 2: The other thing that's tricky about these events I want 289 00:15:28,404 --> 00:15:32,164 Speaker 2: to ask you about is like, Okay, typically if you 290 00:15:32,244 --> 00:15:34,404 Speaker 2: have a big tournament series, you're toward the end of 291 00:15:34,444 --> 00:15:37,684 Speaker 2: the series and you have these turbos for people that 292 00:15:38,124 --> 00:15:40,364 Speaker 2: you know have busted out of the big events they're 293 00:15:40,364 --> 00:15:44,604 Speaker 2: hoping to play. There's also typically a lot of tilt, right, 294 00:15:44,764 --> 00:15:47,324 Speaker 2: people are trying to place very high to make up 295 00:15:47,364 --> 00:15:50,324 Speaker 2: for their entry fees. Right, we're getting the plane and 296 00:15:50,364 --> 00:15:54,564 Speaker 2: go home. So how do you balance that? I mean, again, 297 00:15:54,724 --> 00:15:56,324 Speaker 2: I'm not saying you have tilt. You can tell us 298 00:15:56,324 --> 00:15:58,044 Speaker 2: about that if you do right. I'm saying the fact 299 00:15:58,044 --> 00:16:04,084 Speaker 2: that like people are maybe calling down lighter and bluffing 300 00:16:04,324 --> 00:16:06,124 Speaker 2: a little bit more. At the same time, with a 301 00:16:06,164 --> 00:16:09,604 Speaker 2: turbo structure, you do need to widen your rain, which 302 00:16:09,644 --> 00:16:12,084 Speaker 2: is quite a bit, right, So how do you how 303 00:16:12,124 --> 00:16:12,844 Speaker 2: did you manage that? 304 00:16:13,884 --> 00:16:16,604 Speaker 1: Yeah, so you have to widen your ranges, but also 305 00:16:17,484 --> 00:16:23,364 Speaker 1: widen them correctly, so I you know, raggedy aces go 306 00:16:23,564 --> 00:16:26,684 Speaker 1: up in value, et cetera, so you need to kind 307 00:16:26,724 --> 00:16:31,164 Speaker 1: of know also what hands people will be undervaluing. So 308 00:16:31,204 --> 00:16:34,444 Speaker 1: I got quite lucky early on where I ended up. 309 00:16:34,564 --> 00:16:38,644 Speaker 1: Someone opened and I called a pocket pair. I call it, 310 00:16:38,684 --> 00:16:40,604 Speaker 1: you know, it was a pair of deuces, a tiny 311 00:16:40,644 --> 00:16:44,404 Speaker 1: pocket paar and someone else called and the flop came 312 00:16:44,444 --> 00:16:46,364 Speaker 1: with a deuce in it, which means that I had 313 00:16:46,364 --> 00:16:48,844 Speaker 1: flopped a set. But there was also an ace, and 314 00:16:49,004 --> 00:16:51,684 Speaker 1: there was one guy who was clearly very tilted. Because 315 00:16:51,724 --> 00:16:55,244 Speaker 1: this for older French gentleman who just wanted chips right, 316 00:16:55,324 --> 00:16:58,084 Speaker 1: he clearly just was frustrated. This was very early on 317 00:16:58,164 --> 00:17:00,764 Speaker 1: in the tournament, so we still had a lot of 318 00:17:00,844 --> 00:17:03,844 Speaker 1: chips and no one had busted out yet, right, like 319 00:17:03,884 --> 00:17:06,004 Speaker 1: this is how early we are. I think we're level one, 320 00:17:06,564 --> 00:17:11,164 Speaker 1: maybe level two. And you could tell that like he 321 00:17:11,324 --> 00:17:13,964 Speaker 1: just like he had been playing every hand, like he 322 00:17:14,084 --> 00:17:17,484 Speaker 1: just really wanted chips, and so he bet, I raised, 323 00:17:17,524 --> 00:17:22,124 Speaker 1: he called, and anyway, he ended up losing right and 324 00:17:22,644 --> 00:17:24,764 Speaker 1: busting and was the first player to bust out of 325 00:17:24,764 --> 00:17:26,844 Speaker 1: the tournament to me. And he had like I don't 326 00:17:26,844 --> 00:17:30,244 Speaker 1: even remember, it was like ace three off suit, right, 327 00:17:30,444 --> 00:17:32,444 Speaker 1: he didn't even have a good ace. It was a 328 00:17:32,444 --> 00:17:35,084 Speaker 1: shitty ace, but he just didn't believe me, and I 329 00:17:35,084 --> 00:17:37,644 Speaker 1: think he was tired of people picking on him. And 330 00:17:37,724 --> 00:17:40,644 Speaker 1: he was definitely tilting. And I've played with him before, 331 00:17:40,724 --> 00:17:42,964 Speaker 1: like he's not that bad of a player, but it 332 00:17:43,004 --> 00:17:45,004 Speaker 1: was just an awful play and he just gave me 333 00:17:45,044 --> 00:17:48,284 Speaker 1: all his chips, which was a great start obviously to 334 00:17:48,324 --> 00:17:50,564 Speaker 1: the to the tournament. But I think that you need 335 00:17:50,604 --> 00:17:54,204 Speaker 1: to look for spots like that and be willing to 336 00:17:54,444 --> 00:17:58,684 Speaker 1: kind of take full advantage of them. So like, for instance, 337 00:17:58,884 --> 00:18:00,764 Speaker 1: some people would say, oh, you know, don't get greedy 338 00:18:00,764 --> 00:18:02,724 Speaker 1: on the river, don't go all in because he's not 339 00:18:02,764 --> 00:18:05,564 Speaker 1: gonna call I was like, no, actually he will. You know, 340 00:18:06,204 --> 00:18:10,924 Speaker 1: do get greedy because in those in those spots, you're 341 00:18:10,924 --> 00:18:14,484 Speaker 1: going to get lucky against people who are just done 342 00:18:14,644 --> 00:18:16,524 Speaker 1: right and they don't want you to bully them. And 343 00:18:16,564 --> 00:18:20,484 Speaker 1: so especially because I'm female, that dynamic is very strong. 344 00:18:20,524 --> 00:18:22,364 Speaker 1: People don't want me to bully them. 345 00:18:23,604 --> 00:18:27,564 Speaker 2: Yeah. Look, and to the older frenchmen out there, I'd say, 346 00:18:27,764 --> 00:18:30,364 Speaker 2: you know, we understand that you're not always going to 347 00:18:30,364 --> 00:18:32,564 Speaker 2: play your A game and when you're tired in a 348 00:18:32,564 --> 00:18:35,204 Speaker 2: long series, even the B game can be asking a 349 00:18:35,204 --> 00:18:38,924 Speaker 2: lot avoiding the f game right where you you know, look, 350 00:18:39,604 --> 00:18:41,244 Speaker 2: I'll be honest, right, you know, I think I know 351 00:18:41,284 --> 00:18:42,764 Speaker 2: my range is pretty well in a lot of spots, and 352 00:18:42,804 --> 00:18:45,724 Speaker 2: I'll know when I can like loosen up just slightly, 353 00:18:45,844 --> 00:18:47,524 Speaker 2: you know, be a little bit more aggressive. You can 354 00:18:47,524 --> 00:18:51,604 Speaker 2: bluff sometimes, but like the multi street desperate call downs 355 00:18:52,844 --> 00:18:58,404 Speaker 2: are like the most easy way to like literally burn money. 356 00:18:58,444 --> 00:19:00,844 Speaker 1: And you know, by that stage in the in the 357 00:19:00,884 --> 00:19:02,644 Speaker 1: tournament series, when it is kind of one of the 358 00:19:02,724 --> 00:19:05,404 Speaker 1: last events this happened to be the last event, but 359 00:19:05,524 --> 00:19:07,284 Speaker 1: when it is kind of one of the last events, 360 00:19:07,284 --> 00:19:09,644 Speaker 1: people are tired and a lot of people are playing 361 00:19:09,644 --> 00:19:12,524 Speaker 1: their C game their D game, and if you're one 362 00:19:12,564 --> 00:19:15,044 Speaker 1: of the people who's not and who can actually take 363 00:19:15,044 --> 00:19:17,164 Speaker 1: advantage of that, I think that can be a huge 364 00:19:17,204 --> 00:19:20,044 Speaker 1: advantage if you're willing to be aggressive in the right 365 00:19:20,084 --> 00:19:22,404 Speaker 1: spots and also don't have ego and willing to fold 366 00:19:22,684 --> 00:19:25,724 Speaker 1: right in the right spots. So like be willing. I 367 00:19:26,044 --> 00:19:27,964 Speaker 1: did this as well to kind of throw your cards 368 00:19:27,964 --> 00:19:31,364 Speaker 1: away in a heartbeat. So I had a few very 369 00:19:31,364 --> 00:19:34,404 Speaker 1: successful bluffs that got through, and then I got very 370 00:19:34,484 --> 00:19:37,444 Speaker 1: lucky at the final table. When we got to the 371 00:19:37,444 --> 00:19:41,724 Speaker 1: final table, I had a good amount of chips, but 372 00:19:41,804 --> 00:19:44,004 Speaker 1: the chip leader, so the person with the most chips 373 00:19:44,084 --> 00:19:47,844 Speaker 1: was to my immediate left, and we got into a 374 00:19:47,844 --> 00:19:51,244 Speaker 1: big hand. So this was it's not good ICM. So 375 00:19:51,564 --> 00:19:53,604 Speaker 1: ICM is we've talked about this on the show. It's 376 00:19:53,644 --> 00:19:57,004 Speaker 1: the independent chip model. So basically, you know when they're 377 00:19:57,044 --> 00:19:59,884 Speaker 1: big pay jumps and when you're down to the final table, 378 00:20:00,604 --> 00:20:03,124 Speaker 1: you don't really want to tangle with the chip leader 379 00:20:03,124 --> 00:20:05,044 Speaker 1: when there are lots of people who are shorter than you, 380 00:20:05,084 --> 00:20:09,124 Speaker 1: because you could be committing ICM suicide. But in this 381 00:20:09,404 --> 00:20:12,924 Speaker 1: particular case, someone had opened, someone else had flatted, and 382 00:20:13,044 --> 00:20:16,164 Speaker 1: I had pocket jacks and like thirty big blinds something 383 00:20:16,204 --> 00:20:18,844 Speaker 1: like that, and so I jammed right because there was 384 00:20:18,924 --> 00:20:21,924 Speaker 1: dead money in the pot and I had you know, 385 00:20:22,204 --> 00:20:25,004 Speaker 1: I had a very strong hand, and I didn't want 386 00:20:25,044 --> 00:20:27,444 Speaker 1: that many people in the in the pot because pocket 387 00:20:27,564 --> 00:20:30,124 Speaker 1: jacks are a strong hand. But you don't want it 388 00:20:30,284 --> 00:20:33,604 Speaker 1: five way pot with pocket jacks because you know, Ace 389 00:20:33,724 --> 00:20:35,964 Speaker 1: King queen. There are lots of things that can happen. 390 00:20:36,524 --> 00:20:40,084 Speaker 1: And then the chip leader rejammed over me and I 391 00:20:40,124 --> 00:20:43,044 Speaker 1: was like, oh no, right, that's the one person that 392 00:20:43,084 --> 00:20:46,684 Speaker 1: you want to fold, and he had Ace King and 393 00:20:46,724 --> 00:20:49,444 Speaker 1: I ended up holding and winning that race, and so 394 00:20:49,604 --> 00:20:51,884 Speaker 1: he was still in, but that put me into the 395 00:20:51,964 --> 00:20:55,644 Speaker 1: chip lead and that's huge, right that hand. 396 00:20:55,444 --> 00:20:57,324 Speaker 2: You're praying for the ace King there. You're not going 397 00:20:57,404 --> 00:20:59,844 Speaker 2: to see pocket tens. I don't think or anything anything. 398 00:20:59,884 --> 00:21:02,124 Speaker 1: No, no, I'm praying for the ace King once he 399 00:21:02,404 --> 00:21:04,844 Speaker 1: once he went all in, I was like, oh no, 400 00:21:05,244 --> 00:21:07,804 Speaker 1: I am going to be out and whatever it is, 401 00:21:07,844 --> 00:21:13,324 Speaker 1: you know, eighth place and I that would have been horrible, 402 00:21:13,404 --> 00:21:16,444 Speaker 1: but yeah, the Ace King is the best case scenario. 403 00:21:16,964 --> 00:21:21,284 Speaker 1: And luckily my handheld. So I think that that's those 404 00:21:21,324 --> 00:21:23,684 Speaker 1: spots like you have to get lucky right, and I 405 00:21:23,804 --> 00:21:25,844 Speaker 1: was technically a little bit ahead. But it's really a 406 00:21:25,884 --> 00:21:28,724 Speaker 1: flip when you have a pocket pair against ace King. 407 00:21:29,484 --> 00:21:30,404 Speaker 2: So how much did you win? 408 00:21:31,364 --> 00:21:33,084 Speaker 1: So I didn't you know, it wasn't it. It wasn't 409 00:21:33,084 --> 00:21:37,324 Speaker 1: a huge win. It was around twenty thousand, so not 410 00:21:37,444 --> 00:21:39,884 Speaker 1: definitely not one of my you know, biggest scores, but 411 00:21:39,964 --> 00:21:41,404 Speaker 1: it was a small buy in and it was a 412 00:21:41,484 --> 00:21:46,124 Speaker 1: really nice way to uh to end the end the week. Well, 413 00:21:46,124 --> 00:21:50,404 Speaker 1: congratulations Maria, Thank you so much, Nate, And yeah, I 414 00:21:50,484 --> 00:21:53,644 Speaker 1: look forward to uh playing with you in the world 415 00:21:53,724 --> 00:21:55,644 Speaker 1: series that's coming up in just a few weeks. 416 00:21:55,804 --> 00:21:59,644 Speaker 2: It's shockingly soon. I mean I'm not playing until like 417 00:21:59,684 --> 00:22:01,244 Speaker 2: the second or third week of the series. 418 00:22:01,364 --> 00:22:03,404 Speaker 1: There am I Neither am I? But I hope that 419 00:22:03,444 --> 00:22:05,524 Speaker 1: I hope that we both win all of our flips, 420 00:22:05,804 --> 00:22:08,324 Speaker 1: or at least most of our flips, that we run 421 00:22:08,364 --> 00:22:12,444 Speaker 1: better than music a less. Yeah, let's take a quick 422 00:22:12,444 --> 00:22:15,244 Speaker 1: break and then let's talk a little bit about chat GPT. 423 00:22:30,484 --> 00:22:30,724 Speaker 2: Nate. 424 00:22:30,924 --> 00:22:34,444 Speaker 1: So, there was a big piece in New York magazine 425 00:22:34,484 --> 00:22:37,964 Speaker 1: last week about cheating on college campuses and chat GPT, 426 00:22:38,444 --> 00:22:41,364 Speaker 1: and I know that you are writing about this for 427 00:22:41,724 --> 00:22:45,204 Speaker 1: your Substack Silver bulletin. So do you want to just 428 00:22:46,044 --> 00:22:49,204 Speaker 1: set the scene a little bit and tell us kind 429 00:22:49,204 --> 00:22:50,804 Speaker 1: of about some of the concerns here. 430 00:22:52,244 --> 00:22:55,644 Speaker 2: Yeah. I mean, look, if you have any friends who 431 00:22:55,644 --> 00:22:57,924 Speaker 2: are college professors of any kind, they'll probably tell you 432 00:22:57,964 --> 00:23:01,644 Speaker 2: the same concerns, right, which is that, you know, a 433 00:23:01,764 --> 00:23:05,644 Speaker 2: lot of classes rely on a model where students have 434 00:23:06,084 --> 00:23:08,044 Speaker 2: homework they can do at home. And for a long time, 435 00:23:08,044 --> 00:23:09,964 Speaker 2: obviously you can, you know, you can go on the 436 00:23:09,964 --> 00:23:12,604 Speaker 2: internet and look up information that way. There have always 437 00:23:12,644 --> 00:23:17,044 Speaker 2: been services that would offer to do your homework for you. 438 00:23:17,124 --> 00:23:21,164 Speaker 2: Right there are you know, ancient and modern versions of 439 00:23:21,244 --> 00:23:24,404 Speaker 2: cliffs notes and things like that, if you uh, you know, 440 00:23:24,484 --> 00:23:26,644 Speaker 2: the line between working with a friend on a problem 441 00:23:26,804 --> 00:23:30,044 Speaker 2: set and copying your friend's answers has always been blurry, 442 00:23:30,084 --> 00:23:33,484 Speaker 2: I think, but like but now chat chipetem makes it 443 00:23:33,764 --> 00:23:40,484 Speaker 2: very very tempting to cheat, and especially for like written essays, 444 00:23:40,484 --> 00:23:44,164 Speaker 2: but also you know problem sets for economic classes and 445 00:23:44,204 --> 00:23:46,204 Speaker 2: things like that, and and so yeah, I tried to 446 00:23:46,244 --> 00:23:50,044 Speaker 2: actually I imagine that I had given myself an assignment. 447 00:23:50,404 --> 00:23:55,484 Speaker 2: You know, the philosopher Michelle Fuco. Of course, French guy 448 00:23:55,844 --> 00:24:00,204 Speaker 2: weird into s and m into lots of stuff ball 449 00:24:00,364 --> 00:24:03,644 Speaker 2: you know, but like very famous philosopher. My whole mo 450 00:24:03,884 --> 00:24:08,244 Speaker 2: in college was to always mention, always named up Fuco right, 451 00:24:08,244 --> 00:24:09,964 Speaker 2: And every time I named up put then I would 452 00:24:09,964 --> 00:24:12,164 Speaker 2: get at least an a minus on the paper. Right, 453 00:24:12,164 --> 00:24:15,484 Speaker 2: But like I gave myself an assignment to compare the 454 00:24:15,524 --> 00:24:19,164 Speaker 2: concept of the panopticon, which is this all seeing prison 455 00:24:19,204 --> 00:24:21,524 Speaker 2: where there's like a guard tower in the center. Right, 456 00:24:21,684 --> 00:24:24,324 Speaker 2: it was Bentham's idea who co wrote a lot about 457 00:24:24,364 --> 00:24:27,684 Speaker 2: this is a metaphor for modern surveillance states. And to say, 458 00:24:27,684 --> 00:24:30,724 Speaker 2: how does this apply to like modern day China? Right, 459 00:24:30,764 --> 00:24:34,524 Speaker 2: it seems like the kind of prompt that a student 460 00:24:34,644 --> 00:24:37,404 Speaker 2: might be asked in a class about China or a 461 00:24:37,444 --> 00:24:40,684 Speaker 2: class about pukou or whatever else. Right, And like, you know, 462 00:24:40,764 --> 00:24:44,884 Speaker 2: first of all, if you ask chat ChiPT to cheat 463 00:24:44,924 --> 00:24:47,644 Speaker 2: for you, it doesn't push back at all, Right, and 464 00:24:47,724 --> 00:24:49,564 Speaker 2: you can say things, can you like, please remove any 465 00:24:49,604 --> 00:24:52,484 Speaker 2: traces of this is GPT, you know, please make the 466 00:24:52,604 --> 00:24:55,124 Speaker 2: essay a little reugh around the margin, but have one 467 00:24:55,204 --> 00:24:56,644 Speaker 2: or two good points of insight. 468 00:24:56,724 --> 00:24:56,884 Speaker 1: Right. 469 00:24:57,004 --> 00:24:59,924 Speaker 2: At one point in the version I eventually ended up with, Right, 470 00:24:59,964 --> 00:25:02,124 Speaker 2: it's like, you know, my Chinese friend, so it made 471 00:25:02,244 --> 00:25:05,404 Speaker 2: up a fake Chinese friend to testify to a point 472 00:25:05,724 --> 00:25:10,364 Speaker 2: that it was making, and I have no idea da 473 00:25:10,804 --> 00:25:14,044 Speaker 2: quite how detectable this would be. But you know, but 474 00:25:14,084 --> 00:25:16,244 Speaker 2: the students can kind of take that as an intermediate 475 00:25:16,284 --> 00:25:19,084 Speaker 2: point and then remove further traces of it. But anyway, 476 00:25:19,124 --> 00:25:22,324 Speaker 2: it's it's very hard to have an assignment now that 477 00:25:22,404 --> 00:25:25,244 Speaker 2: you can confidently predict was not written by chat GPD, 478 00:25:25,364 --> 00:25:29,604 Speaker 2: any type of written homework assignment that's not kind of 479 00:25:29,644 --> 00:25:34,564 Speaker 2: done with active supervision, and the article is very gloomy. 480 00:25:34,644 --> 00:25:38,324 Speaker 2: A lot of students are pretty open about their cheating 481 00:25:38,324 --> 00:25:40,124 Speaker 2: and say, hey, this is great, right now, I can 482 00:25:40,164 --> 00:25:42,764 Speaker 2: save a lot of time. Right. A lot of professors 483 00:25:42,804 --> 00:25:45,804 Speaker 2: are very despairing of it. Right, you know, you were 484 00:25:45,804 --> 00:25:48,124 Speaker 2: in an era where because it's hard to prove, like 485 00:25:48,164 --> 00:25:52,204 Speaker 2: you might be ninety percent sure that a student cheated, 486 00:25:52,564 --> 00:25:55,204 Speaker 2: but ninety percent is probably not good enough to flunk 487 00:25:55,284 --> 00:25:58,404 Speaker 2: similar to kick them out of college or things like that. 488 00:25:58,484 --> 00:26:01,564 Speaker 2: But like I will say to me, it seems like 489 00:26:01,604 --> 00:26:04,724 Speaker 2: there are some methods that you could use to prevent this, 490 00:26:04,884 --> 00:26:07,004 Speaker 2: which require more work. So you know, you know, when 491 00:26:07,004 --> 00:26:09,004 Speaker 2: I went, I took my junior year abroad at one 492 00:26:09,124 --> 00:26:12,164 Speaker 2: school economics in the UKSES, and you just take one 493 00:26:12,204 --> 00:26:14,404 Speaker 2: big exam at the end of the year and that's 494 00:26:14,404 --> 00:26:16,604 Speaker 2: your whole grand and that's in person. Back then, we 495 00:26:16,724 --> 00:26:19,564 Speaker 2: use notebooks. I'm sure you can use you know, iPads 496 00:26:19,644 --> 00:26:22,564 Speaker 2: or something like that now, right, but that's quite hard 497 00:26:22,644 --> 00:26:24,324 Speaker 2: to cheat. If you want. Students have the internet. You 498 00:26:24,324 --> 00:26:25,764 Speaker 2: could say you can have the Internet, but we're monitoring 499 00:26:25,764 --> 00:26:28,564 Speaker 2: you're internet access, right and so, like if you use chatchipt, 500 00:26:28,764 --> 00:26:32,884 Speaker 2: we will know, right. Or you can say, okay, well 501 00:26:32,884 --> 00:26:35,324 Speaker 2: we're going to have you submit a paper and I'm 502 00:26:35,324 --> 00:26:39,284 Speaker 2: going to have a fifteen minute conversation with you about 503 00:26:39,284 --> 00:26:41,964 Speaker 2: the paper. I imagine it'd be hard to fake your 504 00:26:42,124 --> 00:26:44,804 Speaker 2: way through even like five or ten minutes if you 505 00:26:44,844 --> 00:26:46,844 Speaker 2: really didn't know the subject matter at all, if you're 506 00:26:46,844 --> 00:26:50,404 Speaker 2: being quizzed about your own paper, right and so, But 507 00:26:50,444 --> 00:26:52,204 Speaker 2: professors don't seem to want to do it in anyway. 508 00:26:52,204 --> 00:26:54,764 Speaker 2: What are your thoughts here, Maria, Yeah. 509 00:26:54,524 --> 00:26:57,164 Speaker 1: Well I have I have a number of thoughts. First 510 00:26:57,164 --> 00:26:59,804 Speaker 1: of all, I mean, obviously you know students have been 511 00:26:59,924 --> 00:27:03,204 Speaker 1: cheating for a long time, and that you were saying 512 00:27:03,284 --> 00:27:05,884 Speaker 1: ninety percent isn't enough. And I will actually go further 513 00:27:06,044 --> 00:27:09,004 Speaker 1: and say one hundred percent isn't enough to fail someone 514 00:27:09,164 --> 00:27:13,044 Speaker 1: off times. So when I was when I was teaching 515 00:27:13,844 --> 00:27:17,204 Speaker 1: back in my grad school days, I had a student 516 00:27:17,924 --> 00:27:22,524 Speaker 1: hand in a paper that just looked suspicious, and it 517 00:27:22,564 --> 00:27:25,284 Speaker 1: was a word document that was kind of scrolling down 518 00:27:25,324 --> 00:27:28,524 Speaker 1: and all of a sudden, my, you know, the cursor 519 00:27:28,644 --> 00:27:31,684 Speaker 1: changes to kind of a you know, the way that 520 00:27:31,684 --> 00:27:34,724 Speaker 1: the cursor changes when there's a hyperlink. And so he 521 00:27:34,844 --> 00:27:38,484 Speaker 1: had copied and pasted directly from Wikipedia, and he had 522 00:27:38,524 --> 00:27:42,484 Speaker 1: removed the visual hyperlink, but he hadn't actually removed the hyperlink, 523 00:27:42,644 --> 00:27:45,164 Speaker 1: so I could actually click on the text to get 524 00:27:45,204 --> 00:27:48,764 Speaker 1: to the Wikipedia article. And I was like, wow, right, 525 00:27:49,324 --> 00:27:52,484 Speaker 1: like that that is uh, that is like the people 526 00:27:52,524 --> 00:27:56,044 Speaker 1: who these days hand in essays that start with as 527 00:27:56,084 --> 00:28:01,404 Speaker 1: an ai I And I brought this, you know, to 528 00:28:01,484 --> 00:28:06,084 Speaker 1: the department and said, you know this, this kid cheated. 529 00:28:06,364 --> 00:28:08,004 Speaker 1: I want to fail him. And they didn't let me 530 00:28:08,364 --> 00:28:11,404 Speaker 1: because they said that, you know, there were parent issues 531 00:28:11,444 --> 00:28:13,124 Speaker 1: and all these things. And I was allowed to give 532 00:28:13,204 --> 00:28:15,084 Speaker 1: him a D minus, but I could not give him 533 00:28:15,084 --> 00:28:18,524 Speaker 1: an F because that's not how Columbia did things. And 534 00:28:18,604 --> 00:28:20,484 Speaker 1: it was very disparaiting to me. Right. It was one 535 00:28:20,484 --> 00:28:22,804 Speaker 1: of the things that one of the reasons there were 536 00:28:22,844 --> 00:28:24,764 Speaker 1: lots of reasons I didn't want to go into academia, 537 00:28:24,804 --> 00:28:26,764 Speaker 1: but I was like, fuck this, right, like, you need 538 00:28:26,804 --> 00:28:29,964 Speaker 1: to have consequences for cheating, so that it has happened 539 00:28:30,004 --> 00:28:33,244 Speaker 1: for a long time and it's obviously only getting worse. 540 00:28:33,484 --> 00:28:37,244 Speaker 1: But I completely agree with you, Nate, that you should 541 00:28:37,404 --> 00:28:41,644 Speaker 1: change in response to this, how you grade and how 542 00:28:41,684 --> 00:28:45,604 Speaker 1: you create assignments. When I went even kind of as 543 00:28:45,764 --> 00:28:49,924 Speaker 1: an undergrad, we had so many in class exams right 544 00:28:49,924 --> 00:28:52,844 Speaker 1: where you had to write essays in class. And then 545 00:28:52,844 --> 00:28:54,804 Speaker 1: when I was a grad student, we had oral exams 546 00:28:55,164 --> 00:28:58,364 Speaker 1: where you know, as part of your degree you have 547 00:28:58,404 --> 00:29:02,004 Speaker 1: to pass orals where you are interviews. It's very stressful 548 00:29:02,004 --> 00:29:04,324 Speaker 1: for a lot of people. Right. There are people who 549 00:29:04,404 --> 00:29:07,124 Speaker 1: ask you questions. When you defend your dissertation. You have 550 00:29:07,164 --> 00:29:11,204 Speaker 1: an entire committee, right who's pepper you with questions about 551 00:29:11,244 --> 00:29:13,964 Speaker 1: your work and about your research. And if you're not 552 00:29:14,044 --> 00:29:16,084 Speaker 1: the one who knows the data and who knows what 553 00:29:16,124 --> 00:29:18,484 Speaker 1: you did, then you're going to get screwed, right, You're 554 00:29:18,524 --> 00:29:20,684 Speaker 1: not going to pass. And people have failed, by the way, 555 00:29:20,764 --> 00:29:25,764 Speaker 1: different dissertation defenses. People have failed oral exams. People you know, 556 00:29:25,844 --> 00:29:28,604 Speaker 1: fail these types of assessments all the time, and so 557 00:29:28,684 --> 00:29:31,164 Speaker 1: I think what we need if we want to actually 558 00:29:31,524 --> 00:29:34,004 Speaker 1: first of all, like what's the point of higher education? 559 00:29:34,084 --> 00:29:37,204 Speaker 1: I would say, you know, to create critical thinkers and 560 00:29:37,244 --> 00:29:41,244 Speaker 1: people who actually are educated human beings and have well 561 00:29:41,324 --> 00:29:44,564 Speaker 1: rounded who know about you know, history and all of 562 00:29:44,604 --> 00:29:46,964 Speaker 1: these different things. How do you make sure that they're 563 00:29:47,004 --> 00:29:50,604 Speaker 1: actually learning what? You change the You change the way 564 00:29:50,644 --> 00:29:53,884 Speaker 1: that you that you have your class. You change the 565 00:29:53,924 --> 00:29:57,924 Speaker 1: incentives right so that they can't cheat their way through it, 566 00:29:58,084 --> 00:29:59,684 Speaker 1: because it's not going to go away. It's only going 567 00:29:59,764 --> 00:30:02,764 Speaker 1: to get worse. And so you can't just pretend that 568 00:30:02,844 --> 00:30:05,644 Speaker 1: it doesn't happen. And you can't rely on cheating detection 569 00:30:05,804 --> 00:30:08,644 Speaker 1: software because it doesn't matter anyway. Instead, you need to 570 00:30:08,724 --> 00:30:13,364 Speaker 1: kind of create an environment where your students learn and 571 00:30:13,404 --> 00:30:15,844 Speaker 1: I would say, you know, are motivated to learn, right, 572 00:30:16,004 --> 00:30:19,244 Speaker 1: So make it worth their while, like make them understand 573 00:30:19,284 --> 00:30:22,804 Speaker 1: why this is important. One of the students, Nay, in 574 00:30:22,844 --> 00:30:26,124 Speaker 1: that New York magpiece. He first he got into Harvard, 575 00:30:26,164 --> 00:30:28,884 Speaker 1: then he said they rescinded his admission and he ended 576 00:30:28,964 --> 00:30:33,044 Speaker 1: up transferring to Columbia and was kicked out within a 577 00:30:33,124 --> 00:30:36,684 Speaker 1: year because he cheated on everything and he openly admitted 578 00:30:36,724 --> 00:30:41,044 Speaker 1: it and created cheating software and said, well, I don't care, Like, 579 00:30:41,844 --> 00:30:43,924 Speaker 1: I don't care about actually any of this. The only 580 00:30:43,964 --> 00:30:45,364 Speaker 1: reason I want to go to a good school is 581 00:30:45,404 --> 00:30:47,364 Speaker 1: to meet my future spouse and co founder. 582 00:30:48,444 --> 00:30:52,164 Speaker 2: Yeah, look, I mean students learn from well, anyone learns from, 583 00:30:52,204 --> 00:30:54,724 Speaker 2: like to Terrence, right that if you do see a 584 00:30:54,764 --> 00:30:57,884 Speaker 2: student who was kicked out of college for cheating, then 585 00:30:58,084 --> 00:31:00,964 Speaker 2: as going to have a much bigger deterrent effect. Right, 586 00:31:01,004 --> 00:31:02,764 Speaker 2: But like, yeah, look, I mean I was going to say, 587 00:31:03,364 --> 00:31:06,124 Speaker 2: you know, is the purpose of higher education really learning? 588 00:31:06,164 --> 00:31:10,204 Speaker 2: Because you can obviously take a much more cynical approach, right, 589 00:31:10,204 --> 00:31:14,084 Speaker 2: which is that it's a factory to produce degrees and 590 00:31:14,164 --> 00:31:17,084 Speaker 2: to kind of, you know, make a lot of money 591 00:31:17,164 --> 00:31:20,684 Speaker 2: running these very expensive institutions that have now very large 592 00:31:20,804 --> 00:31:24,324 Speaker 2: non academic stabs. A lot of the time that the 593 00:31:24,404 --> 00:31:28,044 Speaker 2: kids are coddle, that there is a ton of great inflation, 594 00:31:29,324 --> 00:31:33,484 Speaker 2: that during the pandemic, that colleges were so concerned about 595 00:31:33,524 --> 00:31:37,244 Speaker 2: angering highly neurotic moms and dads and maybe professors to 596 00:31:37,244 --> 00:31:41,684 Speaker 2: some extent, right, and so they're totally undermining the educational experience, right, 597 00:31:41,724 --> 00:31:44,604 Speaker 2: But like, it doesn't stop the factory from like churning 598 00:31:44,604 --> 00:31:47,404 Speaker 2: out degrees, even if classes are easier and easier to gain, 599 00:31:47,524 --> 00:31:50,444 Speaker 2: and so, yeah, I don't know. I also think that 600 00:31:50,564 --> 00:31:53,844 Speaker 2: like you wind up with students in a kind of 601 00:31:54,044 --> 00:31:57,964 Speaker 2: prisoner's dilemma type situation where it's a really pretty rational 602 00:31:58,084 --> 00:32:02,084 Speaker 2: to cheat if everyone else is cheating and it can't 603 00:32:02,124 --> 00:32:04,444 Speaker 2: really be detected. And by the way, like I think that, 604 00:32:04,604 --> 00:32:07,084 Speaker 2: you know, when I write essays for Silver Bulletin, then 605 00:32:07,244 --> 00:32:11,844 Speaker 2: I ask chech GPT question, right, I will run my 606 00:32:11,924 --> 00:32:13,604 Speaker 2: copy through j just P and say do you correct 607 00:32:13,604 --> 00:32:18,284 Speaker 2: any typos or errors? Right? And things like that. Right, 608 00:32:18,764 --> 00:32:20,684 Speaker 2: Sometimes it all flag errors that are fake because I 609 00:32:20,684 --> 00:32:23,644 Speaker 2: can't believe how dumb things are. It's like we can't 610 00:32:23,644 --> 00:32:25,924 Speaker 2: really have one hundred and third percent tariff on China, right. 611 00:32:25,964 --> 00:32:29,244 Speaker 2: People might take that exaggeration seriously, Nate, So you have 612 00:32:29,284 --> 00:32:31,044 Speaker 2: to remove that from your estley. I'm like, no, things 613 00:32:31,044 --> 00:32:34,764 Speaker 2: are really that dumb. But like so and working with 614 00:32:34,884 --> 00:32:36,764 Speaker 2: AI is important. I mean, it's kind of intrude to 615 00:32:36,804 --> 00:32:40,324 Speaker 2: I mean, I'll stay that like interpersonal skills become more 616 00:32:41,044 --> 00:32:44,244 Speaker 2: important in a world where CHECHPD do is kind of 617 00:32:44,244 --> 00:32:48,804 Speaker 2: like the cognitive tasks easier. It's probably more about sales, right, 618 00:32:48,804 --> 00:32:50,524 Speaker 2: who are you going to hire to be the nice 619 00:32:50,564 --> 00:32:52,364 Speaker 2: person to brought you the services that you could probably 620 00:32:52,404 --> 00:32:55,604 Speaker 2: do yourself with chet GPT, your group assignments and things. 621 00:32:55,764 --> 00:32:59,364 Speaker 2: People feel charmed by humans. So but yeah, I think 622 00:32:59,364 --> 00:33:02,924 Speaker 2: colleges are on the way to being less relevant and 623 00:33:02,964 --> 00:33:06,404 Speaker 2: that they seem not to have particularly much urgency for 624 00:33:06,684 --> 00:33:09,724 Speaker 2: This is kind of lame. But like I said, if 625 00:33:09,804 --> 00:33:11,644 Speaker 2: you were a student, would you use chet cheapet if 626 00:33:11,684 --> 00:33:13,284 Speaker 2: you Let's say you let me set this up for you. Right, 627 00:33:13,844 --> 00:33:15,844 Speaker 2: Let's say you know for a fact that eighty percent 628 00:33:15,844 --> 00:33:19,484 Speaker 2: of the students in your class are using chat cheapt. 629 00:33:19,564 --> 00:33:21,724 Speaker 2: I'm trying to make a sympathetic set of facts. Right, 630 00:33:22,444 --> 00:33:26,444 Speaker 2: Let's say you don't think the class is well taught, 631 00:33:26,604 --> 00:33:30,124 Speaker 2: and so you don't think you're really getting that much 632 00:33:30,444 --> 00:33:32,404 Speaker 2: out of it. Let's even say that you kind of 633 00:33:32,444 --> 00:33:36,364 Speaker 2: done half the reading and so you're kind of using 634 00:33:36,444 --> 00:33:39,924 Speaker 2: cheapt chechpeeding way. It's like clearly over the line, but 635 00:33:39,964 --> 00:33:43,644 Speaker 2: you're adding some original inputs and insight yourself. But it 636 00:33:43,684 --> 00:33:46,764 Speaker 2: goes against the nominal recommendations of the professor. Would you 637 00:33:46,884 --> 00:33:49,044 Speaker 2: cheat in that circumstance or use chec ChiPT or not? 638 00:33:50,684 --> 00:33:53,604 Speaker 1: I would like to think no, because I never I 639 00:33:53,684 --> 00:33:57,404 Speaker 1: was someone who could have always took that pretty seriously. 640 00:33:58,044 --> 00:34:01,724 Speaker 1: And for me, like my incentives were like most of 641 00:34:01,724 --> 00:34:04,284 Speaker 1: my classes I was really interested in, Like I wanted 642 00:34:04,324 --> 00:34:06,684 Speaker 1: to learn, right, Like I went to a school that 643 00:34:06,804 --> 00:34:10,124 Speaker 1: I thought would teach me things that I realized. You know, 644 00:34:10,164 --> 00:34:14,124 Speaker 1: I sound like a very you know, uh do ie 645 00:34:14,684 --> 00:34:18,284 Speaker 1: bushy tailed student, but like to me, that was that 646 00:34:18,404 --> 00:34:21,044 Speaker 1: was the whole point. Like I wanted to read these books. 647 00:34:21,364 --> 00:34:24,124 Speaker 1: I want to think through you know, I wanted to 648 00:34:24,204 --> 00:34:28,204 Speaker 1: be kind of a better, you know, a better person, 649 00:34:29,004 --> 00:34:33,724 Speaker 1: someone who who has that knowledge, you know. I wanted 650 00:34:33,764 --> 00:34:36,004 Speaker 1: to kind of have it in my head, like if 651 00:34:36,004 --> 00:34:39,324 Speaker 1: you're on a desert island right with no CHATPT and 652 00:34:39,364 --> 00:34:41,604 Speaker 1: you just have kind of the stuff that's in your head. 653 00:34:42,084 --> 00:34:46,204 Speaker 1: I wanted to kind of have good things in there. 654 00:34:46,284 --> 00:34:49,364 Speaker 1: And so I never I mean I never even like 655 00:34:49,724 --> 00:34:52,004 Speaker 1: gray Zone cheated when I was in college, Like I 656 00:34:52,044 --> 00:34:56,204 Speaker 1: didn't collaborate on assignments. I didn't do anything like that. 657 00:34:56,204 --> 00:34:59,084 Speaker 1: That said, like I never told on anyone either, right, 658 00:34:59,244 --> 00:35:02,444 Speaker 1: Like I was not someone who would be like Nate 659 00:35:02,564 --> 00:35:05,964 Speaker 1: use chat GPT, right, Like, if you want to use 660 00:35:06,044 --> 00:35:08,884 Speaker 1: chat rept, fine, but even if everyone was using it, 661 00:35:08,924 --> 00:35:14,004 Speaker 1: like I I think I wouldn't I wouldn't feel right 662 00:35:14,204 --> 00:35:18,124 Speaker 1: about myself if the teacher actually said, do not use 663 00:35:18,284 --> 00:35:21,244 Speaker 1: chat GPT. And like I said, for most of the 664 00:35:21,284 --> 00:35:23,844 Speaker 1: classes I took, a huge chunk of the grade was 665 00:35:23,964 --> 00:35:29,004 Speaker 1: in class, in class, exams and assignments, and so that 666 00:35:29,164 --> 00:35:31,804 Speaker 1: was something where you know, chat GPT wouldn't be helpful. 667 00:35:32,004 --> 00:35:34,244 Speaker 1: But I also I wanted to be a writer, Nate, like, 668 00:35:34,644 --> 00:35:36,724 Speaker 1: I wanted to learn how to write well, and I 669 00:35:36,804 --> 00:35:38,924 Speaker 1: wanted one of the reasons that I wanted to go 670 00:35:38,964 --> 00:35:41,364 Speaker 1: to Harvard was to study with very specific writers. I 671 00:35:41,404 --> 00:35:44,804 Speaker 1: wanted their feedback on my writing. It would just completely 672 00:35:44,844 --> 00:35:47,364 Speaker 1: defeat the purpose, right if I took a fiction writing 673 00:35:47,404 --> 00:35:50,484 Speaker 1: seminar and had chat GPT write my short story, Like, 674 00:35:51,124 --> 00:35:53,004 Speaker 1: what am I even doing? Well? 675 00:35:53,004 --> 00:35:55,004 Speaker 2: What if you sound stupid? What if it's a let's 676 00:35:55,044 --> 00:35:59,204 Speaker 2: say that you're taking a physics class and it's part 677 00:35:59,244 --> 00:36:01,604 Speaker 2: of a requirement for some hard sciences, right, and the 678 00:36:01,644 --> 00:36:07,964 Speaker 2: professor is unintelligible and boring, and these assignments are unnecessarily 679 00:36:08,804 --> 00:36:12,644 Speaker 2: hard for students who are not going into the science concentration. Right. 680 00:36:14,084 --> 00:36:17,244 Speaker 1: Yeah, So I think that I can see using chat 681 00:36:17,244 --> 00:36:20,684 Speaker 1: GPT to help me explain to help explain stuff, right, 682 00:36:21,084 --> 00:36:24,444 Speaker 1: use other aids outside of class to try to get 683 00:36:24,644 --> 00:36:27,044 Speaker 1: to try to get oriented and try to figure it out. 684 00:36:27,364 --> 00:36:29,964 Speaker 1: But I would still, I think, do my own final 685 00:36:30,004 --> 00:36:32,604 Speaker 1: assignment in the end, like there was one class. This 686 00:36:32,764 --> 00:36:36,604 Speaker 1: is one of my biggest regrets, and so I don't 687 00:36:36,604 --> 00:36:38,844 Speaker 1: want students to have regrets like this. One of my 688 00:36:38,884 --> 00:36:43,844 Speaker 1: biggest regrets from undergrad was I took this course AX ten, 689 00:36:43,964 --> 00:36:48,004 Speaker 1: which was you know, your introductory economics class my senior year, 690 00:36:48,044 --> 00:36:50,964 Speaker 1: because I needed it as a requirement, and I took 691 00:36:50,964 --> 00:36:55,444 Speaker 1: a pass fail because I could write and I didn't. 692 00:36:55,524 --> 00:36:57,284 Speaker 1: At that point, I thought that I didn't really care 693 00:36:57,284 --> 00:37:00,364 Speaker 1: about economics, want to know any of this. And it 694 00:37:00,404 --> 00:37:01,964 Speaker 1: was really early in the morning. I think it was 695 00:37:02,004 --> 00:37:04,764 Speaker 1: like at nine am or something, you know, a time 696 00:37:04,804 --> 00:37:07,524 Speaker 1: that was just ungodly for me even today, but as 697 00:37:07,564 --> 00:37:10,684 Speaker 1: a college student like, no, no way, And so I 698 00:37:10,764 --> 00:37:14,484 Speaker 1: ended up skipping a ton of lectures and almost fail 699 00:37:14,564 --> 00:37:17,324 Speaker 1: the class. I really regret that because, first of all, 700 00:37:17,404 --> 00:37:22,164 Speaker 1: the class was taught by legendary professor, and the speakers 701 00:37:22,204 --> 00:37:25,124 Speaker 1: we had in that class were insane, right, We had 702 00:37:25,204 --> 00:37:28,204 Speaker 1: like secretaries of State, We had the things that I 703 00:37:28,364 --> 00:37:31,164 Speaker 1: missed right now, when I look at our syllabus, I'm like, 704 00:37:31,724 --> 00:37:32,484 Speaker 1: what an idiot? 705 00:37:32,604 --> 00:37:32,764 Speaker 2: Right? 706 00:37:32,804 --> 00:37:35,924 Speaker 1: I wish I could go back in time and actually 707 00:37:36,404 --> 00:37:39,924 Speaker 1: learn this information. So the one time where like I 708 00:37:40,004 --> 00:37:43,524 Speaker 1: obviously wasn't cheating or using chat gibta, I almost failed, 709 00:37:43,524 --> 00:37:45,564 Speaker 1: for God's sake, the one time I tried to like 710 00:37:45,964 --> 00:37:48,044 Speaker 1: glide through a class because I didn't think it was 711 00:37:48,044 --> 00:37:52,284 Speaker 1: irrelevant or interesting. I really really regret it because I 712 00:37:52,324 --> 00:37:55,364 Speaker 1: realized now just how relevant and interesting it was and 713 00:37:55,404 --> 00:37:58,444 Speaker 1: how much I missed. So kind of looking back at 714 00:37:58,524 --> 00:38:01,044 Speaker 1: college me, I want to shake myself and say, hey, 715 00:38:01,444 --> 00:38:03,804 Speaker 1: you know, take advantage of this. There is not going 716 00:38:03,844 --> 00:38:06,644 Speaker 1: to be another time where you get like an hour 717 00:38:07,164 --> 00:38:09,364 Speaker 1: one on one with Larry Summers to ask him quite 718 00:38:09,724 --> 00:38:11,684 Speaker 1: about the economy. 719 00:38:11,724 --> 00:38:14,724 Speaker 2: You know. I asked my Twitter followers did they cheat 720 00:38:14,764 --> 00:38:18,004 Speaker 2: even a little tiny bit in college? And it was 721 00:38:18,044 --> 00:38:22,724 Speaker 2: almost exactly fifty fifty yes and no, which means on 722 00:38:22,764 --> 00:38:26,564 Speaker 2: the show, if you are avowing Maria never to have 723 00:38:26,764 --> 00:38:31,524 Speaker 2: even a tiny bit cheated, does that imply that I 724 00:38:31,604 --> 00:38:32,644 Speaker 2: therefore did cheat. 725 00:38:34,684 --> 00:38:37,004 Speaker 1: I wouldn't. I wouldn't say that. I would say that 726 00:38:37,084 --> 00:38:38,004 Speaker 1: you probably did not. 727 00:38:38,764 --> 00:38:41,324 Speaker 2: I think I did. I think this counts. So I 728 00:38:42,684 --> 00:38:47,844 Speaker 2: was in an econometrics class, and ironically, econometrics is like 729 00:38:47,884 --> 00:38:50,524 Speaker 2: actually pretty relevant to my day to day work now, right, 730 00:38:50,964 --> 00:38:55,444 Speaker 2: But the class was taught terribly. The professor was a 731 00:38:55,444 --> 00:38:58,724 Speaker 2: good scholar who was very disengaged in University of Chicago 732 00:38:59,004 --> 00:39:02,964 Speaker 2: was maybe more tolerant of that than they should have been, right, 733 00:39:03,044 --> 00:39:05,204 Speaker 2: and you know, my very good friend, I mean, I would, 734 00:39:05,324 --> 00:39:08,324 Speaker 2: you know, ask to copy off a couple of those 735 00:39:08,364 --> 00:39:11,564 Speaker 2: problem sets with his mission sometimes? Right, that's cheating, isn't it, 736 00:39:12,364 --> 00:39:14,604 Speaker 2: I think, Solia, Yeah, it's funny because like if you're 737 00:39:14,604 --> 00:39:17,004 Speaker 2: doing the homework together, it's probably not. But like I 738 00:39:17,004 --> 00:39:19,204 Speaker 2: think it's cheating. And I don't regret it because the 739 00:39:19,204 --> 00:39:23,924 Speaker 2: class sucked and and still most of the grades based on 740 00:39:23,924 --> 00:39:26,204 Speaker 2: on the end of the year, right you still, I mean, 741 00:39:26,284 --> 00:39:29,324 Speaker 2: you know, so if I fucked myself over, then that's fine, 742 00:39:29,364 --> 00:39:31,564 Speaker 2: But I don't I think that was a rational decision. 743 00:39:32,204 --> 00:39:34,004 Speaker 1: You know what, now that you say that, I realized 744 00:39:34,044 --> 00:39:35,284 Speaker 1: that I did cheat. 745 00:39:35,564 --> 00:39:36,044 Speaker 2: There you go. 746 00:39:36,164 --> 00:39:39,964 Speaker 1: If in school, so when I was in eighth grade, 747 00:39:40,684 --> 00:39:46,404 Speaker 1: I had this science teacher who liked to basically we 748 00:39:46,444 --> 00:39:49,444 Speaker 1: had our science curriculum and then he also taught birds 749 00:39:49,524 --> 00:39:53,724 Speaker 1: and stars, so basically we would get pop quizzes all 750 00:39:53,724 --> 00:39:56,604 Speaker 1: the time where he would play bird calls and we'd 751 00:39:56,644 --> 00:39:59,444 Speaker 1: have to say what bird it was. However, as part 752 00:39:59,564 --> 00:40:03,724 Speaker 1: of the bird stuff, he would give us these basically 753 00:40:03,804 --> 00:40:08,804 Speaker 1: you know, like coloring book sketches of birds, and we 754 00:40:09,044 --> 00:40:12,924 Speaker 1: had color them in for homework and we were graded 755 00:40:13,124 --> 00:40:15,644 Speaker 1: on how well we colored them in. And I was like, 756 00:40:15,764 --> 00:40:19,524 Speaker 1: this is bullshit. I have zero artistic ability, like I 757 00:40:19,564 --> 00:40:22,684 Speaker 1: hate you know, I can't draw, stick figure, I can't color. 758 00:40:22,844 --> 00:40:25,124 Speaker 1: I was like, this has nothing to do with science, right, 759 00:40:25,164 --> 00:40:27,324 Speaker 1: this has nothing to do with what I'm learning. This 760 00:40:27,404 --> 00:40:30,244 Speaker 1: is insane. And my sister is a beautiful artist. So 761 00:40:30,844 --> 00:40:34,324 Speaker 1: she actually, first of all, I had she had taken 762 00:40:34,324 --> 00:40:36,684 Speaker 1: the class, you know, six years before I did, so 763 00:40:36,724 --> 00:40:39,564 Speaker 1: she gave me her birds to like help me figure 764 00:40:39,564 --> 00:40:41,684 Speaker 1: out how to how to color them in, and then 765 00:40:41,724 --> 00:40:43,684 Speaker 1: when she had time, she would color them for me. 766 00:40:44,004 --> 00:40:46,404 Speaker 1: And then I had another friend who was who loved drawing, 767 00:40:46,684 --> 00:40:48,724 Speaker 1: and she would color my birds for me. And I 768 00:40:48,764 --> 00:40:52,604 Speaker 1: hardly ever did my bird coloring in myself because I 769 00:40:52,644 --> 00:40:53,364 Speaker 1: just thought it was the. 770 00:40:53,324 --> 00:40:55,724 Speaker 2: Most too cheaters mister business here. 771 00:40:56,204 --> 00:40:58,524 Speaker 1: So now that you now that I think about it, 772 00:40:58,924 --> 00:41:03,044 Speaker 1: that was that was definitely problem not above board, but 773 00:41:03,164 --> 00:41:05,724 Speaker 1: it was just because I made the decision that this 774 00:41:05,844 --> 00:41:08,324 Speaker 1: was an incredibly bad use of my time. And I 775 00:41:08,364 --> 00:41:10,644 Speaker 1: stand by that just like thank you. I have no regrets. 776 00:41:10,964 --> 00:41:13,564 Speaker 1: I do not care that I don't know how to 777 00:41:14,884 --> 00:41:19,844 Speaker 1: color in a downy woodpecker or whatever. It was toughted mouse. 778 00:41:22,324 --> 00:41:36,884 Speaker 2: And we'll be right back after this break. I mean, 779 00:41:36,924 --> 00:41:42,284 Speaker 2: there's an argument against assigned homework in general, and do 780 00:41:42,324 --> 00:41:44,684 Speaker 2: the readings you can participate in class right and or 781 00:41:44,764 --> 00:41:47,324 Speaker 2: past your final at the end of the year. Right. 782 00:41:47,444 --> 00:41:51,524 Speaker 1: Yeah, I'm actually I'm actually very sympathetic to the no 783 00:41:51,684 --> 00:41:56,324 Speaker 1: homework type of thing because you know, if you, I 784 00:41:56,364 --> 00:42:01,564 Speaker 1: think homework often incentivizes cheating, right when people feel like 785 00:42:01,564 --> 00:42:03,924 Speaker 1: like the homework assignment is stupid or dumb, or you 786 00:42:03,964 --> 00:42:06,484 Speaker 1: have too much of it, like there the incentives for 787 00:42:07,004 --> 00:42:11,444 Speaker 1: homework are not often the correct incentives. And when you 788 00:42:11,484 --> 00:42:13,804 Speaker 1: have those exams so I had, I took a lot 789 00:42:13,804 --> 00:42:16,924 Speaker 1: of seminars where class participation was a huge part in it, right, 790 00:42:17,004 --> 00:42:19,044 Speaker 1: and if you are one of the people who did 791 00:42:19,044 --> 00:42:21,444 Speaker 1: not do the reading that week, it becomes very clear 792 00:42:22,564 --> 00:42:26,684 Speaker 1: pretty or pretty soon in the discussion that, like you, 793 00:42:27,124 --> 00:42:30,764 Speaker 1: you are not adding much value and that like this 794 00:42:30,964 --> 00:42:34,564 Speaker 1: was just this is a week that you were mentally 795 00:42:34,604 --> 00:42:37,284 Speaker 1: not there. And if the purpose of learning is to 796 00:42:37,364 --> 00:42:42,724 Speaker 1: create individuals who have deeper knowledge, critical thinking abilities, kind 797 00:42:42,724 --> 00:42:48,244 Speaker 1: of the ability to synthesize information, to analyze information, the 798 00:42:48,284 --> 00:42:52,364 Speaker 1: types of skills that we want right in our citizens, 799 00:42:52,404 --> 00:42:56,404 Speaker 1: I would hope then homework assignments are much worse at 800 00:42:56,444 --> 00:42:58,884 Speaker 1: assessing those than your ability to kind of have a 801 00:42:58,884 --> 00:43:02,124 Speaker 1: class discussion, your ability to kind of think through things 802 00:43:02,204 --> 00:43:04,444 Speaker 1: and reason through things. So I think that we need 803 00:43:04,484 --> 00:43:07,084 Speaker 1: to figure out how do you kind of create an 804 00:43:07,204 --> 00:43:11,164 Speaker 1: education system that incentivizes the sorts of thinking and behaviors 805 00:43:11,524 --> 00:43:13,564 Speaker 1: that you want your students to emerge with. 806 00:43:13,964 --> 00:43:16,804 Speaker 2: Yeah, look, I think you know maybe as solicials, you 807 00:43:16,804 --> 00:43:21,684 Speaker 2: actually need more actual classroom hours. Right. I had a 808 00:43:21,684 --> 00:43:24,924 Speaker 2: friend who used to work at Amazon, and the culture 809 00:43:24,964 --> 00:43:27,244 Speaker 2: there is that if there's a meeting where there's a 810 00:43:27,284 --> 00:43:31,404 Speaker 2: briefing to read, right, they assume that you did not 811 00:43:31,764 --> 00:43:34,284 Speaker 2: take the time out to read that briefing, right, So like, 812 00:43:34,564 --> 00:43:37,004 Speaker 2: take twelve minutes now and read this briefing and then 813 00:43:37,004 --> 00:43:38,364 Speaker 2: we'll talk about it, right, And it's like kind of 814 00:43:38,404 --> 00:43:40,364 Speaker 2: a part of the meeting, you know, obviously, like I'm 815 00:43:40,364 --> 00:43:43,764 Speaker 2: a big fan of reading in general, but maybe it 816 00:43:43,764 --> 00:43:45,364 Speaker 2: doesn't have to be as Zidak to like prove that 817 00:43:45,404 --> 00:43:47,004 Speaker 2: you read this, Like no, I mean, look, can you 818 00:43:47,004 --> 00:43:49,924 Speaker 2: hold intelligent discussion in class? And then I don't know. 819 00:43:50,004 --> 00:43:52,004 Speaker 2: People always talk about the EDU cases of students who 820 00:43:52,044 --> 00:43:56,564 Speaker 2: are introverted or neurodiversient or English is a second language, 821 00:43:56,604 --> 00:43:59,804 Speaker 2: and yeah, it sucks, but life isn't always fairer, you 822 00:43:59,844 --> 00:44:04,364 Speaker 2: know what I mean? And if colleges become less effective 823 00:44:04,404 --> 00:44:09,164 Speaker 2: at differentiating which students were more effective and when we're 824 00:44:09,164 --> 00:44:10,844 Speaker 2: on it, I mean, you know, then the whole signal 825 00:44:10,844 --> 00:44:14,764 Speaker 2: becomes less valuable and college degrees become worth less, particularly 826 00:44:14,844 --> 00:44:17,844 Speaker 2: the most elite degrees. Right, all of a sudden's just 827 00:44:17,884 --> 00:44:21,004 Speaker 2: now basically like a signal that four years ago you 828 00:44:21,004 --> 00:44:25,044 Speaker 2: were considered a talented student by an emissions committee. Right, yep, 829 00:44:25,244 --> 00:44:26,324 Speaker 2: I completely agree with you. 830 00:44:26,644 --> 00:44:29,284 Speaker 1: I think that this is a very very urgent question 831 00:44:29,844 --> 00:44:32,124 Speaker 1: and one that has huge implications for the future of 832 00:44:32,164 --> 00:44:35,204 Speaker 1: our society, right, because what kind of adults are we 833 00:44:35,244 --> 00:44:38,564 Speaker 1: creating with? What kinds of skills, what kinds of ability, 834 00:44:38,844 --> 00:44:42,924 Speaker 1: what kinds of actual background and knowledge? I think these 835 00:44:42,964 --> 00:44:45,964 Speaker 1: are really important questions we do not want to be 836 00:44:46,004 --> 00:44:49,964 Speaker 1: creating a functionally illiterate society, which is what's going to happen. 837 00:44:50,004 --> 00:44:53,004 Speaker 1: By the way, if you don't actually do any learning 838 00:44:53,124 --> 00:44:56,764 Speaker 1: and instead outsource everything all the time and using. 839 00:44:56,564 --> 00:44:59,604 Speaker 2: Chat, GPT or other LM's other AI tools, well, is 840 00:44:59,644 --> 00:45:02,244 Speaker 2: actually a pretty important life skill. I can imagine some 841 00:45:02,284 --> 00:45:06,204 Speaker 2: assignments where and say yes, we not only you know, allow, 842 00:45:06,404 --> 00:45:09,324 Speaker 2: but maybe encourage you for this particular assignment to do 843 00:45:09,524 --> 00:45:11,244 Speaker 2: this right. And so I mean the other irony I 844 00:45:11,244 --> 00:45:13,364 Speaker 2: think this is becoming true and more and more domains 845 00:45:13,404 --> 00:45:16,404 Speaker 2: evolving AI is that like, if you are pretty smart, 846 00:45:17,004 --> 00:45:19,644 Speaker 2: then your productivity is enhanced by the AI, Whereas if 847 00:45:19,644 --> 00:45:22,244 Speaker 2: you don't know what you're doing then and maybe you 848 00:45:22,284 --> 00:45:24,404 Speaker 2: can kind of fake your way through it up to 849 00:45:24,484 --> 00:45:27,324 Speaker 2: a point, but you may be more fooled by the hallucinations, 850 00:45:27,484 --> 00:45:30,764 Speaker 2: You may be susceptible to misinformation, you may just not 851 00:45:30,804 --> 00:45:32,604 Speaker 2: have any retention for the things that you're having it 852 00:45:32,684 --> 00:45:35,284 Speaker 2: do right. And so, like, you know, if I were 853 00:45:35,364 --> 00:45:38,324 Speaker 2: using chat schipt to write a paper or I could 854 00:45:39,484 --> 00:45:40,724 Speaker 2: I don't know. I think I can write better than 855 00:45:40,764 --> 00:45:42,644 Speaker 2: chet chip Bet by a long shot still, but like, 856 00:45:42,764 --> 00:45:44,404 Speaker 2: but I could figure out ways if I were allowed 857 00:45:44,444 --> 00:45:47,324 Speaker 2: to that to make my work to summarize long reading 858 00:45:47,484 --> 00:45:52,684 Speaker 2: like that seems like a potentially legitimate use for a student. Right, 859 00:45:53,044 --> 00:45:55,924 Speaker 2: here's this very long reading that you have to pay 860 00:45:56,004 --> 00:45:59,564 Speaker 2: way too much for the fucking textbook anyway, Right, can 861 00:45:59,644 --> 00:46:04,044 Speaker 2: you extract the important parts from this? And guess what 862 00:46:04,044 --> 00:46:05,644 Speaker 2: you can do if you're Chinese, Nat, and now you 863 00:46:05,684 --> 00:46:08,804 Speaker 2: can have it translate to Chinese. Right, you can up 864 00:46:08,884 --> 00:46:12,524 Speaker 2: and down the world level of complexity. Right, you can 865 00:46:12,564 --> 00:46:15,364 Speaker 2: say this point might seem obvious to you. Can you 866 00:46:15,404 --> 00:46:18,204 Speaker 2: explain this point another way? Right? So, like, you know, 867 00:46:18,364 --> 00:46:21,404 Speaker 2: there are a lot of ways that llm's II tools 868 00:46:21,444 --> 00:46:23,644 Speaker 2: could be quite helpful for the educational process. But I 869 00:46:23,684 --> 00:46:26,884 Speaker 2: just think academia is moving too slow. You know, the 870 00:46:26,884 --> 00:46:30,444 Speaker 2: opportunity costs of four years in college given how the 871 00:46:30,444 --> 00:46:32,484 Speaker 2: world is changing. I mean, there's a cohort of students 872 00:46:32,524 --> 00:46:33,964 Speaker 2: for which it might not be the right decision. 873 00:46:34,844 --> 00:46:37,204 Speaker 1: I completely agree with that, and I do think that 874 00:46:37,244 --> 00:46:40,964 Speaker 1: academia needs to just wake up to what's happening and 875 00:46:41,244 --> 00:46:49,244 Speaker 1: figure out how to stay relevant. Risky Business is hosted 876 00:46:49,284 --> 00:46:51,644 Speaker 1: by me Maria Kanakova. 877 00:46:50,964 --> 00:46:53,324 Speaker 2: And by me Nate Silver. The show is a co 878 00:46:53,404 --> 00:46:57,484 Speaker 2: production of Pushkin Industries, and iHeartMedia. This episode was produced 879 00:46:57,524 --> 00:47:01,284 Speaker 2: by Isabelle Carter. Our associate producer is Sonya Gerwitz. Sally 880 00:47:01,324 --> 00:47:04,324 Speaker 2: Helm is our editor, and our executive producer is Jacob Goldstein. 881 00:47:04,844 --> 00:47:06,044 Speaker 2: Mixing by Sarah Bruger. 882 00:47:06,444 --> 00:47:08,844 Speaker 1: If you like the show, please rate and review us 883 00:47:08,844 --> 00:47:11,204 Speaker 1: to other people can find us too. Thanks so much 884 00:47:11,244 --> 00:47:11,764 Speaker 1: for tuning in.