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What is Skin in the Game? The phrase is often mistaken for one-sided incentives: the promise of a bonus will make someone work harder for you. For the central attribute is symmetry: the balancing of incentives and disincentives, people should also penalized if something for which they are responsible goes wrong and hurts others: he or she who wants a share of the benefits needs to also share some of the risks.

Link: https://medium.com/incerto/what-do-i-mean-by-skin-in-the-game-my-own-version-cc858dc73260

Medium: What do I mean by Skin in the Game? My Own Version

Posted on

June 15th, 2018

Category

General, Links, Writing

Taleb is a very difficult person to pin down. As Ralph Nader put it last month: “You cannot pigeonhole him!” But I think that introduction to his insight (and foresight) should suffice to convince even those who have never heard of him before that he’s worth listening to.

Taleb is a former trader, a professor at NYU, and the author of several best-sellers including Fooled by RandomnessThe Black SwanAntifragile, and his just-released Skin in the GameBut perhaps its best to classify him as a “flaneur,” someone who — according to the Oxford Dictionary, “saunters around

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The Motley Fool interviews Nassim Nicholas Taleb

Posted on

June 11th, 2018

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General

Nassim Nicholas Taleb and Tyler Cowen

“Though what Taleb was really after was a discussion with Bryan (read that here), the philosopher, mathematician, and author most recently of Skin in the Game also generously agreed to a conversation with Tyler.

Continue reading on Medium: https://medium.com/conversations-with-tyler/tyler-cowen-nassim-nicholas-taleb-skin-in-the-game-black-swan-104620da8a57

[Podcast] Conversations with Tyler: Nassim Nicholas Taleb on Self-Education and Doing the Math

Posted on

May 31st, 2018

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Audio, Podcasts

Antifragile explains why understanding x is different from f(x) the payoff or exposure from x. Most of the harm/gains come from f(x) being convex or concave not understanding x. Forecasting is off an average, and average is for academics and other morons.

This video illustrates the point with XIV that went bust while being correct about volatility –and why people who make money are usually wrong.

[YouTube] Explaining both the XIV trade and why forecasting is BS

Posted on

February 28th, 2018

Category

MOOCs, Videos

Nassim’s latest book Skin in the Game it finally out!

Nassim Taleb Skin in the Game

Click here to view on Amazon: http://amzn.to/2FuMkrl

From the New York Times bestselling author of The Black Swan, a bold new work 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

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Nassim Taleb – Skin in the Game: Hidden Asymmetries in Daily Life

Posted on

February 25th, 2018

Category

General, Links, Writing