Library/Psychology/Skin in the Game: Hidden Asymmetries in Daily Life
Skin in the Game: Hidden Asymmetries in Daily Life
CategoryPsychology
Taleb argues that systems work better when decision-makers bear consequences, and worse when elites shift risks onto others.
What stuck
- People think differently when they share in the downside.
- A system gets healthier when decision-makers cannot dump risk onto others.
