Skin in the Game: Hidden Asymmetries in Daily Life by Nassim Nicholas Taleb eBook

<p>In "Skin in the Game: Hidden Asymmetries in Daily Life," Nassim Nicholas Taleb challenges conventional wisdom by arguing that true understanding and ethical behavior stem from having a personal stake in the outcomes of one's actions. He posits that asymmetry, where one party benefits while another bears the risk, is a root cause of many societal and economic problems. Taleb draws on historical examples, philosophical concepts, and personal anecdotes to illustrate how "skin in the game"—the willingness to accept personal risk—is essential for fairness, justice, and making sound decisions. The book explores how this principle applies to various domains, including finance, politics, ethics, and personal responsibility, advocating for symmetry and accountability as crucial elements for a well-functioning society.</p> <ul> <li>For social justice, focus on symmetry and risk sharing.</li> <li>You cannot make profits and transfer the risks to others, as bankers and large corporations do. You cannot get rich without owning your own risk and paying for your own losses. Forcing skin in the game corrects this asymmetry better than thousands of laws and regulations.</li> <li>Ethical rules aren’t universal.</li> <li>You’re part of a group larger than you, but it’s still smaller than humanity in general.</li> <li>Minorities, not majorities, run the world.</li> <li>The world is not run by consensus but by stubborn minorities imposing their tastes and ethics on others.</li> <li>You can be an intellectual yet still be an idiot.</li> <li>“Educated philistines” have been wrong on everything from Stalinism to Iraq to low-carb diets.</li> <li>Beware of complicated solutions (that someone was paid to find).</li> <li>A simple barbell can build muscle better than expensive new machines.</li> <li>True religion is commitment, not just faith.</li> <li>How much you believe in something is manifested only by what you’re willing to risk for it.</li> </ul> <p><strong>Specifications:</strong></p> <ul> <li><strong>ASIN:</strong> B075HYVP7C</li> <li><strong>Publisher:</strong> Random House</li> <li><strong>Publication date:</strong> February 27, 2018</li> <li><strong>Language:</strong> English</li> <li><strong>File size:</strong> 12.2 MB</li> <li><strong>Enhanced typesetting:</strong> Enabled</li> <li><strong>X-Ray:</strong> Enabled</li> <li><strong>Word Wise:</strong> Enabled</li> <li><strong>Print length:</strong> 254 pages</li> <li><strong>ISBN-10:</strong> 0425284636</li> <li><strong>ISBN-13:</strong> 978-0425284636</li> <li><strong>Page Flip:</strong> Enabled</li> <li><strong>Book 5 of 5:</strong> Incerto</li> </ul>