- Paperback: 272 pages
- Publisher: Allen Lane (27 February 2018)
- Language: English
- ISBN-10: 0241300657
- ISBN-13: 978-0241300657
- Product Dimensions: 15.3 x 2.2 x 23.4 cm
- Average Customer Review: 50 customer reviews
- Amazon Bestsellers Rank: #3,225 in Books (See Top 100 in Books)
Other Sellers on Amazon
+ FREE Delivery
+ 99.00 Delivery charge
Skin in the Game Paperback – 27 Feb 2018
|Paperback, 27 Feb 2018||
Save Extra with 3 offers
- Cashback (2): Get 50% cashback up to Rs. 50 using Axis Bank Credit & Debit Cards. Valid only on your first 2 online payments. Cashback will be credited as Amazon Pay balance within 10 days from purchase. Here's how
- Get 25% back up to Rs. 50 back on your first order using Amazon Pay UPI. Cashback within 10 days. Link Bank Account Here's how
- No Cost EMI: No Cost EMI available on Amazon Pay ICICI credit cards on orders above Rs. 3000 Here's how
- Bank Offer: 5% Instant Discount on ICICI bank Credit and Debit EMI transactions Here's how
Frequently bought together
Customers who bought this item also bought
The hottest thinker in the world (The Times)
The most prophetic voice of all (GQ)
A superhero of the mind (Boyd Tonkin)
Imagine someone with the erudition of Pico de la Mirandola, the skepticism of Montaigne, solid mathematical training, a restless globetrotter, polyglot, enjoyer of fine wines, specialist of financial derivatives, irrepressible reader, and irascible to the point of readily slapping a disciple (La Tribune, Paris)
The author of The Black Swan is back with a simple warning: don't buy what your neighbour is selling unless he owns some too. The obvious application for this is investing, but Taleb has a much broader domain. In a kind of philosophical Freakonomics, he takes us from 5th-century wandering monks (banned by the church because they were too free) to Donald Trump (his imperfections showed he had skin in the game) (Rosamund Urwin Sunday Times Books of the Year)
About the Author
Nassim Nicholas Taleb spent twenty-one years as a risk taker before becoming a researcher in philosophical, mathematical and (mostly) practical problems with probability. Although he spends most of his time as a flaneur, meditating in cafes across the planet, he is currently Distinguished Professor at New York University's Tandon School of Engineering but self-funds his own research.
His books, Antifragile, the Black Swan, the Bed of Procrustes and Fooled by Randomness (part of a multi-volume collection called Incerto, Latin for uncertainty), have been translated into thirty-seven languages. Taleb has authored more than fifty scholarly papers as backup to Incerto, ranging from international affairs and risk management to statistical physics. He refuses all awards and honours as they debase knowledge by turning it into competitive sports.
Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
To get the free app, enter mobile phone number.
Customers who viewed this item also viewed
There was a problem filtering reviews right now. Please try again later.
This is important in the longer run, because non perishable things such as ideas, lifestyle, dietary habits, religions that have survived for a long time, being sufficiently stressed by time, will survive for much longer (Lindy's Effect). But the critical piece here is that the agents espousing these non-perishables should have a skin in the game.
The contrast is the rent seekers, or bureaucrats who only get the upside of their actions (bonuses), but pass on the downside to others citing uncertainty. Thus they get to be in decision making for a long time without being affected by the ill-effects of those decisions.
The book applies the heuristic to multiple areas. Interesting concepts covered in the books include Minority Rule (How intransigent minorities determine the preference of majority), Intellectual Yet Idiots (People who confuse complex systems for simple systems, and prescribe appealing but harmful solutions), Rationality of Religions (The do's & dont's in Religions inspire actions from followers, and these actions have enabled the adherants to survive. Rationality can only be discussed in the context of survival, or rather the avoidance of systemic ruin).
As usual Taleb is witty, names names (Bob Rubin, Thaler, Saudi Princes), acerbic but very insightful.
One thing that Taleb misses out on is application of Lindy's Effect to the relatively longer survival of Lithuanians, Irish and the Hindus who did not have the warrior but the priestly class at the top. Societies which had a warrior class at the top caved in to the invasion by semetic religions in a very short duration. However the adherants of these religions resisted converting to the invading Semetic religions for the longest period. So Lindy does seem to have a role to play here.
Final word: Excellent book. Will be revisiting this one many more times.
The book deserves a permanent place in your library as one may read it several times for assimilating the facts , ideas mentioned. Found the book to be a difficult to understand at certain stages but enjoyed reading through till end. Not the mention the Epilogue, readers don't forget (ignore) to read the same, the author has finished the writing with very impressive long maxim which pretty much summarizes the full book, " No muscles without strength, No friendship without trust, No opinion without consequence......................................... and most of all nothing without skin in the game.
The author has convinced without doubt that whatever should be learned,practiced, observed, aspired should always have something at stake i.e. SKIN IN THE GAME.
A MUST READ, THANKS TALEB, THANKS AMAZON ||||||
He goes on rants and asides and tells wonderful stories and writes with passion.
And being Taleb, you’ll love him or hate him.
There is no grey
It’s a beautiful book.