Convos

Skin In The Game by Nassim Nicholas Taleb


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Nassim Nicholas Taleb's "Skin in the Game" explore the concept of "skin in the game" as a principle of symmetry and accountability in various aspects of life. The book argues that individuals and institutions should be subjected to the consequences of their actions, experiencing not only the benefits but also the harms. Taleb examines how the absence of skin in the game leads to ethical and epistemological problems, such as the tendency for interventionistas to make decisions without facing the repercussions of their mistakes, and the prevalence of "bullshit" in fields where individuals are rewarded for complexity rather than results. Through historical anecdotes and contemporary examples, the author highlights the importance of real-world experience and the dangers of theoretical knowledge divorced from practical consequences. The book advocates for a more nuanced understanding of risk, rationality, and decision-making, emphasizing the need for individuals and societies to take responsibility for their actions and to avoid transferring harm to others.

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