Skin in the Game: Hidden Asymmetries in Daily Life

Author(s): Nassim Nicholas Taleb

Non-Fiction

From the bestselling author of The Black Swan, a bold book that challenges many of our long-held beliefs about risk and reward, politics and religion, finance and personal responsibility


'Skin in the game means that you do not pay attention to what people say, only to what they do, and how much of their neck they are putting on the line'

Citizens, artisans, police, fishermen, political activists and entrepreneurs all have skin in the game. Policy wonks, corporate executives, many academics, bankers and most journalists don't. It's all about having something to lose and sharing risks with others. In his most provocative and practical book yet, Nassim Nicholas Taleb shows that skin in the game, often seen as the foundation of risk management, in fact applies to all aspects of our lives.


In his inimitable style, Taleb draws on everything from Antaeus the Giant to Hammurabi to Donald Trump, from ethics to used car salesmen, to create a jaw-dropping framework for understanding this idea. Among his insights:


For social justice, focus on symmetry and risk sharing.


Minorities, not majorities, run the world.


You can be an intellectual yet still be an idiot.


Beware of complicated solutions (that someone was paid to find).


Just as The Black Swan did during the 2007 financial crisis, Skin in the Game comes at precisely the right moment to challenge our long-held beliefs about risk, reward, politics, religion and business - and make us rethink everything we thought we knew.

$35.00(AUD)


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The hottest thinker in the world * The Times * The most prophetic voice of all * GQ * Imagine someone with the erudition of Pico de la Mirandola, the skepticism of Montaigne, solid mathematical training, a restless globetrotter, polyglot, enjoyer of fine wines, specialist of financial derivatives, irrepressible reader, and irascible to the point of readily slapping a disciple * La Tribune, Paris *

Nassim Nicholas Taleb spent two decades as a risk taker before becoming a full-time essayist and scholar focusing on practical, philosophical, and mathematical problems with chance, luck, and probability. He now spends most of his time in the intense seclusion of his study or as a flaneur meditating in cafes. In addition to his life as a trader, he spent several years as an academic researcher as Distinguished Professor at New York University's School of Engineering and Dean's Professor at University of Massachusetts Amherst.He is the author of the Incerto (Latin for uncertainty), accessible in any order (Antifragile, The Black Swan, The Bed of Procrustes and Fooled by Randomness) plus a freely available technical version, Silent Risk. Taleb has also published more than 50 academic and scholarly papers as a backup, technical footnotes to the Incerto in topics ranging from statistical physics to decision science. His books have been translated into thirty-seven languages.

General Fields

  • : 9780241300657
  • : Penguin Books, Limited
  • : Allen Lane
  • : February 2018
  • : 234mm X 153mm
  • : United Kingdom
  • : March 2018
  • : books

Special Fields

  • : 304
  • : Paperback
  • : Nassim Nicholas Taleb