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Fairness is not apropos, the idea of skin in the game is a heuristic to identify decision-makers who are likely (or not) to expose others to harmful risks. If a
by zekevermillion 10y ago
Fairness is not apropos, the idea of skin in the game is a heuristic to identify decision-makers who are likely (or not) to expose others to harmful risks. If anything, the skin in the game should be even more than proportional. The system can survive local failure (death of a general or economist) as the price of encouraging better risk-taking.