Skin in the game is the foundation of fairness
Accountability begins when decision-makers have something personal at stake. If you benefit from the upside, you must also bear the downside.
“If you give an opinion, and someone follows it, you are morally obligated to be exposed to its consequences.”
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Real risk reveals real beliefs. Taleb shows why skin in the game changes everything.
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Similar ideas to Skin in the game is the foundation of fairness
Skin In The Game: Everyone Is Responsible
Leaders become a scapegoat when things go southwards, as there is a general assumption that everything is their responsibility, so every problem is their own fault. This leads to ‘learned helplessness’, where we ignore our own responsibility and blame others.
Taking the analogy of a sh...
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