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That's not Taleb's point at all, not even close. The point isn't about whether people take the risk or don't, the point is who is exposed to the risk. The CEO h
by inimino 3y ago
That's not Taleb's point at all, not even close. The point isn't about whether people take the risk or don't, the point is who is exposed to the risk. The CEO here had skin in the game. He may have been a cowboy taking needless risk, but if so he paid the price. Morally it's a very different thing from making the same set of decisions but never going down yourself.
The point of antifragility is the system benefits, even if the individual loses as happened here. The corruption is when the benefits accrue to one set of people and the risks somewhere else.
- IAmNotAFix 3y agoTaleb literally did say that you should never board a plane on which the pilot isn't onboard (such as a drone plane). Unless this was intended to never make you board an unethical plane, he does believe in some sort of insurance related to "skin in the game".
- inimino 3y agoI would never get on a plane with the pilot anywhere but on the plane either. But, the point of skin in the game isn't that it reduces the risk, it's a moral issue of who bears the risk. Skin in the game means you don't get the upside without the downside risk. That's it. It's not some magical pixie dust that makes people act rational, or follow safety protocols.
- throw9away6 3y agoThe pilot is more often than not the cause of the accident. Without a pilot airplane would have to be designed to a much higher standard. Right now the pilot is an unreliable fallback