Luca Dellanna — On Survival, Signals & Success (EP.174)
Infinite Loops
Skin in the Game and Decisive Actions
Having 'skin in the game' is crucial as it distinguishes between agents and principals. Agents, without vested interest, behave differently compared to principals who are directly impacted. This concept can be applied to various scenarios, encouraging people to take decisive actions and consider multiple possibilities for success. It also highlights the tendency for people to associate winning a bet with sound decision-making, a concept referred to as 'resulting'.
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