Skin in the Game: Hidden Asymmetries in Daily Life
|Author:||Nassim Nicholas Taleb|
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 this provocative book, 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.
The hottest thinker in the world * The Times * The most prophetic voice of all * GQ * Imagine someone with the erudition of Pico de la Mirandola, the skepticism of Montaigne, solid mathematical training, a restless globetrotter, polyglot, enjoyer of fine wines, specialist of financial derivatives, irrepressible reader, and irascible to the point of readily slapping a disciple * La Tribune, Paris *
Nassim Nicholas Taleb spent two decades as a risk taker before becoming a full-time essayist and scholar focusing on practical, philosophical, and mathematical problems with chance, luck, and probability. He now spends most of his time in the intense seclusion of his study or as a flaneur meditating in cafes. In addition to his life as a trader, he spent several years as an academic researcher as Distinguished Professor at New York University's School of Engineering and Dean's Professor at University of Massachusetts Amherst.He is the author of the Incerto (Latin for uncertainty), accessible in any order (Antifragile, The Black Swan, The Bed of Procrustes and Fooled by Randomness) plus a freely available technical version, Silent Risk. Taleb has also published more than 50 academic and scholarly papers as a backup, technical footnotes to the Incerto in topics ranging from statistical physics to decision science. His books have been translated into thirty-seven languages.