Skin in the Game
Taleb's concept that decision-makers should bear consequences of their decisions. Moral hazard when risks and rewards are asymmetric. Bankers gambling with others' money exemplify lack of skin in the game. Consultants advising without accountability. Skin in the game aligns incentives and ensures prudence. Ancient codes required builders to live under structures. Applies to ethics, politics, and business. Symmetry between authority and responsibility.
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