SKIN IN THE GAME : HIDDEN ASSYMMETRIES IN DAILY LIFE

Nassim Nicholas Taleb is a known name amongst the academics and practitioners alike. He is a Bond in the field who has written multi-book series Incerto which means uncertainity in Latin. So in the series he talks about the uncertainity as it plays out in our daily life. This book is one of the constituent in likes of The Black Swan, AntiFragile, Fooled by Randomness amongst others. The book is published by Penguin Randomhouse, UK in 2018. The book is divided into 19 chapters. The basic premise of the book is to explain that whatever person gives advice he should have a skin in the game which roughly translates to that a person should not advise when he has nothing to lose about an investment and advisor should not advise if he have nothing to lose about. As he writes in the introduction that Skin in the Game is about four topics in one. Firstly it is about uncertainity and reliability of knowledge, secondly, symmetry in human affairs like justice, fairness, responsibility an...