
Nassim Nicholas Taleb on Work, Slavery, the Minority Rule, and Skin in the Game
EconTalk
00:00
Compliance vs Simplicity
There's a big premium put on mat mathematical sophistication, on econometric sophistication. The metric that fools people the most is the appearance of sophistication. When you are employed and do not have skinin again, you don't have to act and look like some one employed. And if someone randomes richer than you, it's because they were lucky - i was lucky too.
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