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Nassim Nicholas Taleb on Rationality, Risk, and Skin in the Game

EconTalk

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The Modern Challenge That's Gin Ind the Game Faces

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

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