Skin in the Game
Hidden Asymmetries in Daily Life
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- € 9,49
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- € 9,49
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From the bestselling author of The Black Swan, a bold book that challenges many of our long-held beliefs about risk and reward, politics and religion, finance and personal responsibility
'Skin in the game means that you do not pay attention to what people say, only to what they do, and how much of their neck they are putting on the line'
Citizens, artisans, police, fishermen, political activists and entrepreneurs all have skin in the game. Policy wonks, corporate executives, many academics, bankers and most journalists don't. It's all about having something to lose and sharing risks with others. In his most provocative and practical book yet, Nassim Nicholas Taleb shows that skin in the game, often seen as the foundation of risk management, in fact applies to all aspects of our lives.
In his inimitable style, Taleb draws on everything from Antaeus the Giant to Hammurabi to Donald Trump, from ethics to used car salesmen, to create a jaw-dropping framework for understanding this idea. Among his insights:
For social justice, focus on symmetry and risk sharing.
Minorities, not majorities, run the world.
You can be an intellectual yet still be an idiot.
Beware of complicated solutions (that someone was paid to find).
Just as The Black Swan did during the 2007 financial crisis, Skin in the Game comes at precisely the right moment to challenge our long-held beliefs about risk, reward, politics, religion and business - and make us rethink everything we thought we knew.
Klantrecensies
A thought provoking mess with one gem: i.e. skin in the game
The book is indeed thought provoking, and it’s central tenet holds value: skin in the game is a valuable way to separate fact from fiction and useful from useless etcetera.
Yet, his writing is chaotic, abrasive and full of post-hoc fallacies. He clearly has a deep understanding and great proficiency in statistics, yet also clearly doesn’t understand behavioral science at all.
He introduces many of his ‘gripes’ and ‘favorites’ for no apparent reason whatsoever, and tries (and in my opinion fails) to redefine ‘rationality’ to support his (untenable) position on religion.
The book is a mess, but a thought provoking mess. It is one of those books I think you have to read in order to know why you should disagree with much of it. And in the process learn something valuable about the one thing that holds merit and should get better and more attention from better writers and philosophers than Taleb: i.e. skin in the game.