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Skin in the game: hidden asymmetries in daily life
(Book)

Book Cover
Average Rating
Published:
New York : Random House, [2018].
Physical Desc:
xv, 279 pages : illustrations ; 25 cm
Status:
Arden-Dimick
302.12 T143 2018
Central
302.12 T143 2018
Franklin
302.12 T143 2018
Description
#1 NEW YORK TIMES BESTSELLER • A bold work from the author of The Black Swan that challenges many of our long-held beliefs about risk and reward, politics and religion, finance and personal responsibility
In his most provocative and practical book yet, one of the foremost thinkers of our time redefines what it means to understand the world, succeed in a profession, contribute to a fair and just society, detect nonsense, and influence others. Citing examples ranging from Hammurabi to Seneca, Antaeus the Giant to Donald Trump, Nassim Nicholas Taleb shows how the willingness to accept one’s own risks is an essential attribute of heroes, saints, and flourishing people in all walks of life.
As always both accessible and iconoclastic, Taleb challenges long-held beliefs about the values of those who spearhead military interventions, make financial investments, and propagate religious faiths. Among his insights:
• For social justice, focus on symmetry and risk sharing. You cannot make profits and transfer the risks to others, as bankers and large corporations do. You cannot get rich without owning your own risk and paying for your own losses. Forcing skin in the game corrects this asymmetry better than thousands of laws and regulations.
• Ethical rules aren’t universal. You’re part of a group larger than you, but it’s still smaller than humanity in general.
• Minorities, not majorities, run the world. The world is not run by consensus but by stubborn minorities imposing their tastes and ethics on others.
• You can be an intellectual yet still be an idiot. “Educated philistines” have been wrong on everything from Stalinism to Iraq to low-carb diets.
• Beware of complicated solutions (that someone was paid to find). A simple barbell can build muscle better than expensive new machines.
• True religion is commitment, not just faith. How much you believe in something is manifested only by what you’re willing to risk for it.
The phrase “skin in the game” is one we have often heard but rarely stopped to truly dissect. It is the backbone of risk management, but it’s also an astonishingly rich worldview that, as Taleb shows in this book, applies to all aspects of our lives. 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.”
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Central
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Due Jun 1, 2024
Location
Call Number
Status
Colusa Main Branch Adult Collection
302.12 T
Due Jun 3, 2024
Woodland Public Library
302.12 Tal 2018
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Format:
Book
Edition:
First edition.
Language:
English
ISBN:
9780425284629

Notes

Bibliography
Includes bibliographical references (pages 259-263) and index.
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Citations
APA Citation (style guide)

Taleb, N. N. (2018). Skin in the game: hidden asymmetries in daily life. First edition. New York, Random House.

Chicago / Turabian - Author Date Citation (style guide)

Taleb, Nassim Nicholas, 1960-. 2018. Skin in the Game: Hidden Asymmetries in Daily Life. New York, Random House.

Chicago / Turabian - Humanities Citation (style guide)

Taleb, Nassim Nicholas, 1960-, Skin in the Game: Hidden Asymmetries in Daily Life. New York, Random House, 2018.

MLA Citation (style guide)

Taleb, Nassim Nicholas. Skin in the Game: Hidden Asymmetries in Daily Life. First edition. New York, Random House, 2018.

Note! Citation formats are based on standards as of July 2022. Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy.
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Grouped Work ID:
b203cbca-4313-067c-2f53-cd3a050e4425
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Record Information

Last Sierra Extract TimeMay 20, 2024 08:06:09 AM
Last File Modification TimeMay 20, 2024 08:08:23 AM
Last Grouped Work Modification TimeMay 24, 2024 02:15:05 AM

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