Taleb argues that those who make decisions should bear the consequences of those decisions, a concept he calls “skin in the game.”
This principle aligns incentives and ensures accountability.
For example, a financial advisor who invests their own money in the same assets they recommend to clients has a vested interest in making sound decisions.
Taleb believes that skin in the game is essential for ethical behavior, effective decision-making, and resilience in the face of uncertainty
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Discover how unpredictable, game-changing events shape our world and how we can thrive amidst uncertainty in Nassim Nicholas Taleb’s “Black Swan.”
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