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> Taleb and others spread this idea that "skin in the game" is some kind of magical anecdote "some kind of magical anecdote" [sic. You mean "antidote"] I don'
by AlbertCory 3y ago
> Taleb and others spread this idea that "skin in the game" is some kind of magical anecdote
"some kind of magical anecdote" [sic. You mean "antidote"]
I don't think you've even read the book, or you wouldn't say something so devoid of logic. "I know lots of people who take risks themselves who'd never recommend the same risks to others" is a non sequitur.
> "Skin in the game" seems like an extremely faulty heuristic in its own way, with little evidence to support a strong assurance effect.
The entire book is full of evidence from history.
- mjb 3y agoI did mean "antidote", thanks for the correction. I did read the book, although that was around the time it came out and my memory may be faulty. I remember not being particularly impressed with the level of evidence presented, and the care taken to present that evidence accurately.
- inimino 3y agoI mean, you completely missed the point of what "skin in the game" is about. It's not a magical antidote to anything, nor is it a guarantee of anything. It just means that if the plane goes down, you're on it. The point of antifragility is that the group benefits by the heroic total loss of the individual. This could be wipe out in business or it could be that your submarine didn't work and you were on it. That's not an antidote for anything, but it is a moral safeguard against total disregard.