Russ Roberts on Lessons from F.A. Hayek and Nassim Taleb, Decision-Making Insights from Charles Darwin, The Dangers of Scientism, Wild Problems in Life and the Decisions that Define Us, Learnings from the Talmud, The Role of Prayer, and The Journey to Transcendence | Brought to you by Athletic Greens all-in-one nutritional supplement (http://athleticgreens.com/tim), Eight Sleep’s Pod Pro Cover sleeping solution for dynamic cooling and heating (http://eightsleep.com/Tim), and Pique premium pu’er tea crystals (https://piquelife.com/tim). Russ Roberts (@EconTalker) is the President of Shalem College in Jerusalem and the John and Jean De Nault Research Fellow at Stanford University’s Hoover Institution. Russ is interested in making complicated ideas understandable. He founded and hosts the award-winning weekly podcast EconTalk: Conversations for the Curious — with more than 800 episodes available in the archives. Past guests include Christopher Hitchens, Martha Nussbaum, Michael Lewis, Angela Duckworth, and Nassim Nicholas Taleb. His two rap videos on the ideas of John Maynard Keynes and F.A. Hayek have more than 13 million views on YouTube. His latest book, Wild Problems: A Guide to the Decisions That Define Us, explores the challenges of using rationality when facing big life decisions. He is also the author of Gambling With Other People’s Money, How Adam Smith Can Change Your Life, The Price of Everything, The Invisible Heart, and The Choice. Please enjoy! Show notes: https://tim.blog/2022/08/04/russ-roberts/ SUBSCRIBE: http://bit.ly/1dSzTkW About Tim Ferriss: Tim Ferriss is one of Fast Company’s “Most Innovative Business People” and an early-stage tech investor/advisor in Uber, Facebook, Twitter, Shopify, Duolingo, Alibaba, and 50+ other companies. He is also the author of five #1 New York Times and Wall Street Journal bestsellers: The 4-Hour Workweek, The 4-Hour Body, The 4-Hour Chef, Tools of Titans and Tribe of Mentors. The Observer and other media have named him “the Oprah of audio” due to the influence of his podcast, The Tim Ferriss Show, which has exceeded 700 million downloads and been selected for “Best of Apple Podcasts” three years running. Connect with Tim Ferriss: Sign up for "5-Bullet Friday" (Tim's free weekly email newsletter): https://go.tim.blog/5-bullet-friday-yt/ Visit the Tim Ferriss PODCAST: https://tim.blog/podcast/ Visit the Tim Ferriss BLOG: https://tim.blog/ Follow Tim Ferriss on TWITTER: https://twitter.com/tferriss/ Follow Tim Ferriss on INSTAGRAM: https://www.instagram.com/timferriss/ Like Tim Ferriss on FACEBOOK: https://www.facebook.com/TimFerriss/ Start 00:00 00:01:44 How Russ’ father cultivated fatherhood. 00:06:05 Does quality time demand quantity time? 00:08:02 What does Shalem mean? 00:09:40 What’s wrong with scientism? 00:16:38 F.A. Hayek and the curious task of economics. 00:19:06 What is a Hayekian? 00:20:58 Why Russ wrote Wild Problems? 00:24:59 How Russ’ ideas about data have changed. 00:27:39 Making decisions: Darwin vs. Homer vs. Russ. 00:37:14 What makes people ideal life partners? 00:47:44 Marriage as a form of growing up. 00:52:32 Life lessons from Bill Belichick. 00:58:02 Why Russ and his wife moved to Israel. 01:04:00 Impressions of Jerusalem. 01:10:10 The role of religion in Russ’s life. 01:18:58 Life lessons from Nassim Nicholas Taleb. 01:26:17 Thoughts on The Talmud, reading, and spending time in a finite life. 01:32:39 You don’t have to be religious to have transcendent experiences. 01:38:53 Tips for staying humble. 01:46:50 Parting thoughts.