Cover of Skin in the Game: Hidden Asymmetries in Daily Life (Incerto) by Nassim Nicholas Taleb

Skin in the Game: Hidden Asymmetries in Daily Life (Incerto)

Nassim Nicholas Taleb

Why I recommend it

The central question is useful: do the people making a decision share the risks they’re asking others to take?

What it changed in my thinking

I find myself asking who benefits if something works and who pays if it fails. That can reveal a lot.

Who it’s useful for

People designing incentives or weighing advice.

A tension or limitation

Taleb can be contemptuous. The principle is useful without dismissing expertise or expecting everyone to bear the same risk.