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Freakonomics Radio

The Folly of Prediction (Rebroadcast)

Freakonomics Radio

Freakonomics Radio + Stitcher

Documentary, Society & Culture

4.632K Ratings

🗓️ 22 August 2013

⏱️ 57 minutes

🧾️ Download transcript

Summary

Human beings love to predict the future, but we're quite terrible at it. So how about punishing all those bad predictions?

Transcript

Click on a timestamp to play from that location

0:00.0

We are found the witch, my wee bun!

0:04.0

BAM!

0:05.0

What does it mean to be a witch exactly in Romania?

0:08.0

Are these people that we know here as psychics or fortune tellers?

0:11.0

Are they different from the other?

0:13.0

I don't know how is a fortune teller in the United States,

0:16.0

but here generally they are a woman of different ages.

0:21.0

They can cure some diseases,

0:26.0

they can bring back your husband or your wife,

0:30.0

or they can predict your future.

0:34.0

Who is a typical client for which?

0:37.0

There are quite a lot of politicians who are going to witches.

0:41.0

You know that France, President Nicolas Arcosis,

0:44.0

he went to witches last year,

0:47.0

and our president in Romania and very important politicians

0:53.0

from different parties. They are going to witches.

0:56.0

Some of them they were obliged to recognize they went to witches.

1:01.0

Some of them it's an off the record information,

1:04.0

but me being a journalist I know that information.

1:07.0

Vlad Mixich is a reporter in Bucharest, the capital of Romania.

1:12.0

He knows a good bit about the witches there.

1:15.0

Quite a lot of them there are quite rich.

...

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