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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

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…