{"id":6144,"date":"2013-09-10T13:20:02","date_gmt":"2013-09-10T20:20:02","guid":{"rendered":"http:\/\/www.blackswanreport.com\/blog\/?p=6144"},"modified":"2013-09-10T13:20:02","modified_gmt":"2013-09-10T20:20:02","slug":"taleb-on-skin-in-the-game-econtalk","status":"publish","type":"post","link":"https:\/\/www.blackswanreport.com\/blog\/2013\/09\/taleb-on-skin-in-the-game-econtalk\/","title":{"rendered":"Taleb on Skin in the Game | EconTalk"},"content":{"rendered":"<blockquote>\n<p>SEPTEMBER 9, 2013<br \/>Taleb on Skin in the Game<br \/>Nassim Taleb Hosted by <strong>Russ Roberts<\/strong><br \/>Nassim Taleb of NYU-Poly talks with EconTalk host Russ Roberts about his recent paper with Constantine Sandis on the morality and effectiveness of &#8220;skin in the game.&#8221; When decision makers have skin in the game&#8211;when they share in the costs and benefits of their decisions that might affect others&#8211;they are more likely to make prudent decisions than in cases where decision-makers can impose costs on others. Taleb sees skin in the game as not just a useful policy concept but a moral imperative. The conversation closes with some observations on the power of expected value for evaluating predictions along with Taleb&#8217;s thoughts on economists who rarely have skin in the game when they make forecasts or take policy positions.<br \/><a href=\"http:\/\/files.libertyfund.org\/econtalk\/y2013\/Talebskin.mp3\" target=\"_blank\">Download<\/a> Size:28.8 MB Right-click or Option-click, and select &#8220;Save Link\/Target As MP3.<\/p>\n<\/blockquote>\n<p>via <a href=\"http:\/\/econtalk.org\/\">EconTalk | Library of Economics and Liberty<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SEPTEMBER 9, 2013Taleb on Skin in the GameNassim Taleb Hosted by Russ RobertsNassim Taleb of NYU-Poly talks with EconTalk host Russ Roberts about his recent paper with Constantine Sandis on the morality and effectiveness of &#8220;skin in the game.&#8221; When decision makers have skin in the game&#8211;when they share in the costs and benefits of [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[112,86,88,460],"class_list":["post-6144","post","type-post","status-publish","format-standard","hentry","category-audio","tag-econtalk","tag-econtalk-org","tag-russ-roberts","tag-skin-in-the-game"],"_links":{"self":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/6144","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/comments?post=6144"}],"version-history":[{"count":2,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/6144\/revisions"}],"predecessor-version":[{"id":6146,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/6144\/revisions\/6146"}],"wp:attachment":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/media?parent=6144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/categories?post=6144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/tags?post=6144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}