Skin in the Game is a philosophical and practical exploration of the concept of βskin in the game,β which refers to taking personal responsibility for the consequences of oneβs actions.
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Book: Skin in the Game by Nassim Taleb
Nassim Taleb argues that skin in the Game is a necessary component of fairness, ethics, and good decision-making. He asserts that people with skin in the Game are more likely to act in the best interests of society because they stand to gain or lose based on the outcomes of their actions. On the other hand, people without skin in the Game, such as politicians, academics, and media writers, are more likely to make decisions that benefit themselves rather than society as a whole.
Taleb also draws the concepts from his earlier books, Black Swan, Anti Fragility, Fooled by Randomness and Incerto, to prove that Skin in the Game makes people stronger and more resilient when subjected to stress and uncertainty..