Skin In The Game

Skin in the game is at the same time thought provoking and original but also contradictory and sometimes absurd.

Skin in the game. Hidden asymmetries in daily life acronymed. What does skin in the game expression mean. Skin in the game phrase. To have skin in the game is to have incurred risk monetary or otherwise by being involved in achieving a goal in the phrase skin is a synecdoche for the person involved and game is the metaphor for actions on the field of play under discussion.

Taleb s thesis is that skin in the game i e having a measurable risk when taking a major decision is necessary for fairness commercial efficiency and risk management as. Understanding skin in the game. The aphorism is particularly common in business finance and gambling and is also used in politics. I certainly won t be the first to notice that taleb can be mean spirited.

Definition of skin in the game in the idioms dictionary. Skin in the game is about getting the agents to not only enjoy the upside of their actions but also claim the downside of the consequences emanating from those actions. Sitg is a 2018 nonfiction book by nassim nicholas taleb a former options trader with a background in the mathematics of probability and statistics. Let s start with the cons.

Definitions by the largest idiom dictionary.