Saved by sari
Skin in the Game: The Hidden Asymmetries in Daily Life
To use the ergodic framework: my death at Russian roulette is not ergodic for me but it is ergodic for the system.
Nassim Nicholas Taleb • Skin in the Game: Hidden Asymmetries in Daily Life
The same mechanism of transferring risk also impedes learning.
Nassim Nicholas Taleb • Skin in the Game: Hidden Asymmetries in Daily Life
To make ethical choices you cannot have dilemmas between the particular (friends, family) and the general.
Nassim Nicholas Taleb • Skin in the Game: Hidden Asymmetries in Daily Life
I am stating here that I find it profoundly unethical to talk without doing, without exposure to harm, without having one’s skin in the game, without having something at risk. You express your opinion; it can hurt others (who rely on it), yet you incur no liability. Is this fair?
Nassim Nicholas Taleb • Incerto 4-Book Bundle
At no point in history have so many non-risk-takers, that is, those with no personal exposure, exerted so much control. The chief ethical rule is the following: Thou shalt not have antifragility at the expense of the fragility of others.