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Skin in the game

hidden asymmetries in daily life

Skin in the game
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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

Why 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 his inimitable, pugnacious style, 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.

As Taleb says, The symmetry of skin in the game is a simple rule that's necessary for fairness and justice, and the ultimate BS-buster, and Never trust anyone who doesn't have skin in the game. Without it, fools and crooks will benefit, and their mistakes will never come back to haunt them .

Product Details

Author:
Nassim Nicholas Taleb

Publisher:
Allen Lane

Format:
Hardback

ISBN:
9780241247471

Publication Date:
20/02/2018

Pages:
279

Dimensions:
240 x 162 x 29 mm

Notes:
illustrations (black and white)

Availability:
Not available publisher indicates OP

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