Skin in the Game: Hidden Asymmetries in Daily Life

Historical Context and Significance

Nassim Nicholas Taleb's book «Skin in the Game» delves into the concept of personal responsibility and risk in modern society. Taleb highlights the importance of decision-making based on personal experience and accountability, rather than abstract theories and models. He criticizes systems where decision-makers do not face the consequences of their actions, leading to asymmetry in the distribution of risks and rewards. The book has significantly influenced discussions on financial markets, politics, and ethics, emphasizing the need to consider real risks and consequences in daily life. It has also sparked debates about the role of experts and elites in society, advocating for more transparent and accountable approaches to governance and decision-making.