Learning the book: Skin in the Game

Skin in the Game

Hidden Asymmetries in Daily Life

Author: Nassim Nicholas Taleb
ISBN: 9780425284643
Publisher: Random House Trade Paperbacks
Published Date: 2020-01-07
Page Count: 305

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Question

According to 'Skin in the Game', which of these is true?

People who lack skin in the game are more likely to engage in risky or damaging behavior. Those with no financial stake have a strong motivation for responsible decision-making. Participants should only be held accountable if they gain something from their decisions, otherwise it's unfair. Skin in the game encourages reckless decision-making as people take more risks when personal consequences are high.

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Source: AI-General -