A reading of Skin in the Game-Hidden Asymmetries in Daily Life (2018)
Book Name: Skin in the Game-Hidden Asymmetries in Daily Life (2018) Author: Nassim Nicholas Taleb This book is from the author of The Black Swans which was termed as one of the 12 most influential books since World War II by The Sunday Times. My expectations from this book were already very high because of his previous book which impressed me a lot. Especially the idea that only few extreme events/things which are insignificant, numerically and statistically, can make a gigantic effect on the world, life and systems, appealed to me. To bring this point home Professor Taleb borrowed examples from various fields of life including science, technology, history, finance, economics etc. The variety of his examples made a boring subject like statistics an interesting reading for everyone. The present book is also linked with the idea of Black Swans. The central idea in this book, as the name itself suggests, is that systems work efficiently when the actors have their skin in the ...