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We tell our children unsettling fairy tales to teach them valuable lessons, but these Cautionary Tales are for the education of the grown ups – and they are all true. Tim Harford (Financial Times, BBC, author of “The Data Detective”) brings you stories of awful human error, tragic catastrophes, and hilarious fiascos. They'll delight you, scare you, but also make you wiser. New episodes every Friday.

Financial expert Ray Dirks (played by Jeffrey Wright) exposed one of the biggest corporate crimes of all time - and yet he was the one who ended up in front of the Supreme Court.Whistleblowers often face intimidation from those they bring to justice, but also face hostility from their co-workers, new employers, the authorities and even the public. Why are we suspicious of "tattletales" and what can we do to make vital whistleblowing easier?Read more about Tim's work at http://timharford.com/ Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

Lady Sale (played by Helena Bonham Carter) was part of a bloody and ignominious British retreat from Afghanistan in 1842. The arrogant colonial invaders had thought intervening in Afghan affairs and dominating the country would be easy - they were wrong. Lady Sale was among the lucky few to escape with her life.Wiser heads later recommended "masterly inactivity" as a better course of action. In politics, parenting and even medicine - avoiding the temptation to act is a sadly neglected art form.Read more about Tim's work at http://timharford.com/ Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

When James Dallas Egbert III was reported missing from his college dorm - one of America's most flamboyant private detectives was summoned to solve the case. "Dallas" had many of the same problems that most teenagers face - but P.I. William Dear stoked fears that he might have fallen under the evil spell of a mysterious and sinister game.... Dungeons & Dragons.The global panic about the dangers the role-playing game posed to impressionable young minds may seem quaint 40 years on - but again and again we show how fearful we are of creative endeavours we don't quite understand.Read more about Tim's work at http://timharford.com/ Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

Pepsi twice ended up in court after promotions went disastrously wrong. Other big companies have fallen into the same trap - promising customers rewards so generous that to fulfil the promise might mean corporate bankruptcy. Businesses and customers alike are sometimes blinded by the big numbers in such PR stunts - but it's usually the customers, not the businesses, who end up losing out. Read more about Tim's work at http://timharford.com/ Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

Why were soldiers on horseback told to ride straight into a valley full of enemy cannon? The disastrous "Charge of the Light Brigade" is usually blamed on blundering generals. But the confusing orders issued on that awful day in 1854 reveal a common human trait - we often wrongly assume that everyone knows what we know and can easily comprehend our meaning.Starring Helena Bonham Carter as Florence Nightingale.Read more about Tim's work at http://timharford.com/ Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

The hijackers of flight 961 wanted its pilot to fly them to Australia - and wouldn't listen to his pleas that there simply wasn't enough fuel for the mammoth trip. What would cause them to totally disregard the advice of an expert when the stakes were so very high? The Dunning Kruger effect.But being too stupid to recognise the limits of your knowledge isn't confined to such prize idiots - it's something we are all guilty of at times and has huge implications for society.Starring Jeffrey Wright (Hunger Games, Westworld, and the Bond films) as Ethiopian Airlines captain Leul Abate.Read more about Tim's work at http://timharford.com/ Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

Family doctor Harold Shipman got away with murdering his patients for decades. He was one of the most prolific serial killers in history - but his hundreds of crimes largely went unnoticed despite a vast paper trail of death certificates he himself had signed.Why do we sometimes fail to see awful things happening right under our noses? And how can the systems that maintain quality control in cookie factories be employed to prevent another doctor like Shipman killing with impunity?Read more about Tim's work at http://timharford.com/ Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

"The Pope" was a revered Dutch art expert - and yet he fell for a not very convincing forgery of a "lost" Vermeer masterpiece. The forger had duped other art connoisseurs too - including the high ranking Nazi Hermann Göring. But perhaps Han van Meegeren's biggest con was to convince the Dutch public that he was a cheeky resistance hero.We assume knowledge and intelligence can protect us from being duped - but often they are not enough to save us from the fraudster's greatest ally - our own wishful thinking.Read more about Tim's work at http://timharford.com/ Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

Victorian nurse Florence Nightingale (played by her distant cousin Helena Bonham Carter) is a hero of modern medicine - but her greatest contribution to combating disease and death resulted from the vivid graphs she made to back her public health campaigns.Her charts convinced the great and the good that deaths due to filth and poor sanitation could be averted - saving countless lives. But did Nightingale open Pandora's Box, showing that graphs persuade, whether or not they depict reality?Read more about Tim's work at http://timharford.com/ Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

One speechmaker inspired millions with his words, the other utterly destroyed his own multi-million-dollar business with just a few phrases.Civil rights icon Martin Luther King Jr (played by Jeffrey Wright of Westworld, The Hunger Games, and the James Bond films) and jewelry store owner Gerald Ratner offer starkly contrasting stories on when you should stick to the script and when you should take a risk.Read more about Tim's work at http://timharford.com/ Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.