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The black swan skin in the game
The black swan skin in the game













the black swan skin in the game the black swan skin in the game

No-skin-in-the-game people keep the upside and transfer the downside to others. Others have no skin in the game such as bureaucrats, administrators, policy wonks, consultants, etc. Some people have skin in the game, such as citizens, merchants, businessmen, entrepreneurs, artisans, etc. What does it mean that you trust a professional? Do you trust their knowledge and skills? Or their ethics and moral values? Or both? In the introduction, the author focuses on the idea that one cannot disentangle ethics and competence when dealing with human beings. This post summarizes some of the ideas of the book. It deals with asymmetries in daily life (decision-making, risk management, politics, religion, etc.). “Skin in the Game” is the 5th book in Nassim Taleb’s Incerto series. This is reflected in his writings when theory (science) and practice (real life) are intertwined. He is a philosopher and cares about the consequences of theory on people’s life. He is a mathematician and cares a lot about rigor and logic. Nassim Taleb is a non-conventional thinker. Title: Skin in the Game – Hidden Asymmetries in Daily Life.















The black swan skin in the game