Skin in the Game
Hidden Asymmetries in Daily Life
(Author) Nassim Nicholas TalebWhy should we never listen to people who explain rather than do? Why do companies go bust? How is it that we have more slaves today than in Roman times? Why does imposing democracy on other countries never work? The answer- too many people running the world don't have skin in the game. In this provocative book, Nassim Nicholas Taleb shows that skin in the game applies to all aspects of our lives. It's about having something to lose and taking a risk. Citizens, lab experimenters, artisans, political activists and hedge fund traders all have skin in the game. Policy wonks, corporate executives, theoreticians, bankers and most journalists don't.
Nassim Nicholas Taleb
Nassim Nicholas Taleb is a Lebanese-American author, statistician, and former trader. He is best known for his works on randomness, probability, and uncertainty, particularly his book "The Black Swan: The Impact of the Highly Improbable." Taleb's writing style is characterized by its engaging and accessible approach to complex ideas, blending academic rigor with real-world examples. His contributions to literature include challenging conventional wisdom and promoting a skeptical approach to forecasting and risk assessment. Taleb's work has had a significant impact on the fields of economics, finance, and philosophy, sparking important debates about the nature of randomness and the limitations of human knowledge.
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