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Taleb on EconTalk

Russ Roberts chats with Taleb about his latest book Skin in the Game, my copy due to be in my hands tomorrow.   complexityDecision makingexpertiseintellectual yet idiotNassim Nicholas TalebprobabilityrationalityReligionRiskRuss Robertsskin in the game

Skin in the Game: Hidden Asymmetries in Daily Life

Looking forward to another cracking read by Taleb bitch-slapping the IYIs No.Education was, at some point great, fast becoming rent-seeking for a group of parasites IYIs who indoctrinate our youths. pic.twitter.com/IklI1CYsp0 — NassimNicholasTaleb (@nntaleb) September 23, 2017 complexityintellectual yet idiotNassim Nicholas Talebprobabilityrent-seekingskin in the game

Probability is the Very Guide of Life

Bishop Butler’s quote “Probability is the Very Guide of Life” (Joseph Butler, The Analogy of Religion, Natural and Revealed, to the Constitution and Course of Nature (Charlottesville: Ibis, n.d.), is one that I invoke from time to time in the most unlikeliest of contexts. (The other Butler quote I invoke from time to time in “identity…

Taleb on Skin in the Game

Nassim Taleb talks with EconTalk host Russ Roberts about his recent paper (with Constantine Sandis) on the morality and effectiveness of “skin in the game.” When decision makers have skin in the game–when they share in the costs and benefits of their decisions that might affect others–they are more likely to make prudent decisions than…