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Jill on Money with Jill Schlesinger

The Data Detective Part Two

Jill on Money with Jill Schlesinger

Audacy

Education, Investing, Business, Self-improvement

4.61.9K Ratings

🗓️ 25 December 2022

⏱️ 12 minutes

🧾️ Download transcript

Summary

We often think statistics are the enemy, numbers used to mislead and confuse us. 

Our guest this weekend, Tim Harford, says that's a mistake. 

In his latest book, The Data Detective, Harford says we shouldn’t be suspicious of statistics, we need to understand what they mean and how they can improve our lives: they are, at heart, human behavior seen through the prism of numbers and are often “the only way of grasping much of what is going on around us.” 

Have a money question? Email us, ask jill [at] jill on money dot com.

Please leave us a rating or review in Apple Podcasts.

"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Transcript

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0:00.0

Mailchimp would like to talk to you about customers.

0:03.6

A customer is what happens when marketers fail to personalise their marketing,

0:07.7

grouping customers with very different behaviours into one tangled mess.

0:11.8

But with MailChimp, marketers can use real-time behaviour data to personalise every email for every customer.

0:18.2

So get MailChimp and turn your customers into customers.

0:22.4

Into it MailChimp, the number one email marketing and automation brand.

0:26.7

Based on customer numbers for verification email, advertising at MailChimp.com.

0:34.1

Welcome to the Jill on Money Show.

0:36.8

Yes, indeed. It is Sunday, December 25th. It is Christmas.

0:41.2

So happy and Merry Christmas. I love when they say happy Christmas in the Great Britain.

0:46.0

I love that. I don't know why it just cracks me up.

0:48.8

Anyway, Merry Christmas. Happy to all. If you are listening today or saving these up for next week,

0:55.2

that's fine too. We are always appreciative of you.

0:59.3

Today, we are airing the second part of an interview that we actually aired earlier.

1:03.9

I don't remember when we did it. When did we do this interview, Mark?

1:07.6

I think this was early on in COVID. So I'm going to say it was early 2020.

1:11.9

Yeah, this might have been from early 2020. That's right.

1:15.2

This is the second part of our interview with Tim Hartford. The Financial Times columnist,

1:20.0

he's so wonderful. The book is called The Data Detected.

1:23.4

Ten easy rules to make sense of statistics. In this part of the interview,

1:27.7

we're talking about algorithms, how they rule us and may not be the best thing in the world.

1:31.8

Here is part two of our interview with Tim Hartford.

...

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