Uncover the Unequal Dynamics of Life with Skin in the Game: Hidden Asymmetries in Daily Life (Incerto Paperback)

Leonel Lerebours Nadal PSR-03294: I think this knowledge should be teach in early years of a human being. Not necessarily in a traditional classroom, all individuals must in some way have skin in the game of something.

United States on Feb 06, 2024

Tom Berard: The author delves into many difficult thought processes and situations. I definitely had to take my time reading it. It was helpful to have my smart phone handy to look up subjects and definitions. Not an easy read, but thought provoking.

United States on Jan 29, 2024

Pachara Naripthaphan: If you are a fan of incerto, it’s a coherent read. However, if you are a young fan, then, you got to go back to the beginning.

United States on Dec 24, 2023

Miguel: Asymmetries in daily life with different examples, you may agree or not, nevertheless all the topics are relevant and well presented.

Mexico on May 30, 2023

Helena: Si on va voir mieux que ce qu'on nous offrent les médias traditionnels

France on Apr 12, 2023

Amazon Customer: Brillante

Spain on Oct 21, 2021

Ahmed Nebli: The book is really dense and really good. It was one of the books that you get 200+ pages of actual content and not a bla bla stuff and one good chapter to fill a book to sell. The language is a bit harsh and I think the author goes a little bit too far in disrespecting some people and countries. I do however understand that he says it from the heart and it reflects his genuine thoughts but for some people, I think reading it might be painful.

Germany on Oct 20, 2021

Lucas Antony: Mais um excelente livro do Taleb. O argumento central é que a dissociação entre ações dos tomadores de decisões (em governos, empresas, médicos, etc) e consequências diretas e pessoais pelos seus atos gera riscos sistêmicos. Quando, por exemplo, um CEO não perde seu bônus anual se a companhia for mal, ou condenada por corrupção, ou quando alguém dá um conselho que não segue.

Ele utiliza alguns conceitos explorados em seus livros anteriores, embora seja possível a compreensão do texto sem a leitura prévia de Cisne Negro e Antifrágil.

Brazil on Jul 05, 2019

Mark Edward Bachmann: I've read Black Swan, Anti-Fragile and now this latest of Nassim Taleb's books, Skin In The Game. I think he's probably some kind of genius and I confess to being pretty much a Taleb fanboy at this point, but his stuff is never going to be to everyone's taste. His philosophical anarchism governs his literary style which makes a mockery out of structure. He also writes with a huge chip on his shoulder, which doesn't bother me so much because I generally share his biases, but many people will be right to take offence. It would make him happy knowing they're getting the point.

One of his favorite recurring phrases is "F*** Y** money", by which he means the enviable state of possessing sufficient wealth not to have to take orders or even direction from anybody. I don't know anything about Taleb's finances, but he clearly thinks he enjoys F*** Y** celebrity nowadays, because he runs rough-shod over any semblance of editorial control. He says exactly what he wants to say without anything much more than rudimentary self-imposed filtering. Luckily he's economical with words and doesn't indulge himself in empty verbiage, so even though he might benefit from some macro-editing, he...

United States on Jul 15, 2018

Barren Wuffett: [TLDR] This practical and provocative book is mostly about:
1) Uncertainty and the reliability of knowledge (b/s detection, theory vs practice, cosmetic vs true expertise, etc).
2) Symmetry in human affairs (fairness, justice, responsibility, reciprocity). e.g.: to get the rewards you must also get some of the risks; not let others pay for your mistakes.
3) Information in transactions
4) Rationality in complex systems.

The main aspect of "Skin in the game" (SITG) - a phrase probably made popular by Warren Buffet - is, in Taleb's view, about matching disincentives to incentives. For Taleb, SITG isn’t purely incentives (e.g.: just having a share of some benefits). It is SYMMETRY in both UPSIDE and DOWNSIDE. Taleb makes this important aspect extremely explicit since the very beginning of the book (page-4).

If some actors pocket rewards from a policy they enact or support (without accepting risks/downside), various economists consider it to be a problem of "missing incentives". In contrast, for Taleb, the problem is more fundamentally one of asymmetry: one actor gets the rewards, others are stuck with the risks. Forcing SITG corrects this asymmetry (you...

United States on Feb 28, 2018