The way skinnin the game has worked traditionally is as a er, not just as much as a turrant, as an idiot filter. Because a lot of people are just stupid ass we cannot do anything i s to deterin because tey don't understand their own interest. So skinning the game is the filter for loloty. And that's what people have missed traditionally in the treatment of that notion.
Nassim Nicholas Taleb talks with EconTalk host Russ Roberts about the manuscript version of his forthcoming book, Skin in the Game. Topics discussed include the role of skin in the game in labor markets, the power of minorities, the Lindy effect, Taleb's blind spots and regrets, and the politics of globalization.