Skin in the Game: Hidden Asymmetries in Daily Life

Taleb, Nassim Nicholas

ISBN 10: 0141982659 / ISBN 13: 9780141982656

Published by Penguin Random House

About this Item

Befriedigend/Good: Durchschnittlich erhaltenes Buch bzw. Schutzumschlag mit Gebrauchsspuren, aber vollständigen Seiten. / Describes the average WORN book or dust jacket that has all the pages present.

Seller Inventory # M00141982659-G

Bibliographic Details

• Title: Skin in the Game: Hidden Asymmetries in Daily Life
• Publisher: Penguin Random House
• Language: English
• ISBN 10: 0141982659
• ISBN 13: 9780141982656
• Binding: Soft cover
• Condition: good

About this title

Synopsis

From the bestselling author of The Black Swan, a bold book that challenges many of our long-held beliefs about risk and reward, politics and religion, finance and personal responsibility

Why should we never listen to people who explain rather than do? Why do companies go bust? How is it that we have more slaves today than in Roman times? Why does imposing democracy on other countries never work?

The answer: too many people running the world don't have skin in the game. In his inimitable, pugnacious style, Nassim Nicholas Taleb shows that skin in the game applies to all aspects of our lives. It's about having something to lose and taking a risk. Citizens, lab experimenters, artisans, political activists and hedge fund traders all have skin in the game. Policy wonks, corporate executives, theoreticians, bankers and most journalists don't.

As Taleb says, "The symmetry of skin in the game is a simple rule that's necessary for fairness and justice, and the ultimate BS-buster," and "Never trust anyone who doesn't have skin in the game. Without it, fools and crooks will benefit, and their mistakes will never come back to haunt them".

About the Author

Nassim Nicholas Taleb spent twenty-one years as a risk taker before becoming a researcher in philosophical, mathematical, and (mostly) practical problems with probability. Although he spends most of his time as a flâneur, meditating in cafes across the planet, he is currently Distinguished Professor at New York University's Tandon School of Engineering but self-funds his own research.

His books, Antifragile, The Black Swan, The Bed of Procrustes and Fooled by Randomness (part of a multi-volume collection called Incerto, Latin for uncertainty), have been translated into thirty-seven languages. Taleb has authored more than fifty scholarly papers as backup to Incerto, ranging from international affairs and risk management to statistical physics. He refuses all awards and honours as they debase knowledge by turning it into competitive sports.