EconTalk

Nassim Nicholas Taleb on Work, Slavery, the Minority Rule, and Skin in the Game

Aug 14, 2017

01:24:39

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Highlights

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Episode notes

Is It the Right Metric in the Game for Politicians?

02:29

I Don't Find It Compelling.

02:51

Are You Against Globalization or Antiloization?

02:17

Introduction

4min

Is It the Right Metric in the Game for Politicians?

2min

Skinning the Game Is a Filter for Loloty

2min

Do You Think You Should Underpay Certain Professions?

2min

I Shouldn't Go With the Butcher

3min

Why We Have Employees

3min

Are You a Slave or an Employee?

2min

Employee Slavery

3min

You're Not Transferring Risks to Others

2min

10.

Is the Minimum Wage Going to Hurt the Poor?

4min

11.

I Don't Find It Compelling.

3min

12.

Protectionism

4min

13.

Are You Against Globalization or Antiloization?

2min

14.

Taking Advice From People Is a Good Idea

6min

15.

You're the Most Confident, Humble Man

3min

16.

Do You Have Any Blind Spots That You Know Of?

4min

17.

What Is the Minority Rule?

2min

18.

How to Predict the Future

3min

19.

Fooled by Randomness

2min

20.

Compliance vs Simplicity

5min

21.

The Skin in the Game

2min

22.

Is There a Minority Rule?

3min

23.

The Standard Argument for the Political Power of Minorities

3min

24.

I Yoan Automatic or Stick Shift

5min

25.

Dorms and Rules Are Local, Not Global, and That's What Is Behind It

2min

26.

The Secret of Modern Civilization Is the Opportunity to Trade With Strangers

3min

27.

Free Trade With Some Kind of Patches

2min

28.

I'm Not Afraid of Top Down Control, Just Bottom Up Control

4min

29.

Is There a Majority Rule?

4min

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.