Skin in the Game: Hidden Asymmetries in Daily Life

The antifragility of the whole often depends on the fragility of the parts. Why death is a necessity for life. The benefits of errors for the collective. Why we need risk takers. A few remarks about modernity missing the point. A salute to the entrepreneur and risk taker.

Taleb’s notion of rationality-as-risk-management liberates “rationality” from conflicting sets of rhetorical expectations, and replaces them with a common set of market incentives .

Market incentives create the kind of consensus the information age demands, and also the kind of people who can tolerate it .