In our modern world, i woln argue, we've moved a increasingly away from skin in the game. The welfare state is an example of it. Young corporage balouts that we have are examples of it. No skinin the game for me, is about filtering. It's evolution. You cannot have evolution if you don't have skining he game. I want to talk about the modern challenge that's gin ind the game - which came up as i was reading the book. We do, like a lot of us, are uncomfortable with this idea of skin ing the game ad when i've given how appealing it is to you and somewhat to me,. i'm thinking, wel
Nassim Nicholas Taleb, author of Skin in the Game, talks with EconTalk host Russ Roberts about the ideas in the book. This is the third episode of EconTalk with Taleb related to the general topic of skin in the game and how it affects decision-making and policy in an uncertain world. This episode focuses on rationality, religion, and the challenge of thinking about probability and risk correctly in a dynamic world.