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To have "skin in the game" is to have incurred risk (monetary or otherwise) by being involved in achieving a goal. In the phrase, "skin" refers to an investment (literal or figurative), and "game" is the metaphor for actions on the field of play under discussion.
to be directly involved in or affected by something, especially financially: If people have skin in the game, preventable costs fall. A debate has been rumbling over how to ensure that lenders have more skin in the game. SMART Vocabulary: related words and phrases. Taking part and getting involved. actor. all in. along. attendee.
Citing examples ranging from Hammurabi to Seneca, Antaeus the Giant to Donald Trump, Nassim Nicholas Taleb shows how the willingness to accept one’s own risks is an essential attribute of heroes, saints, and flourishing people in all walks of life.
- Nassim Nicholas Taleb
Skin in the Game: Hidden Asymmetries in Daily Life (acronymed: SITG) is a 2018 nonfiction book by Nassim Nicholas Taleb, a former options trader with a background in the mathematics of probability and statistics.
Dec 26, 2022 · Skin in the game refers to owners, executives, or principals having a significant stake in the shares of the company they manage. Skin in the game is important to...
Sep 20, 2023 · The expression "have skin in the game" signifies someone has a personal stake or investment in a particular outcome or situation. It's not just about monetary involvement; the phrase can also indicate a commitment of time, effort, reputation, or emotion.
Citing examples ranging from Hammurabi to Seneca, Antaeus the Giant to Donald Trump, Nassim Nicholas Taleb shows how the willingness to accept one’s own risks is an essential attribute of heroes, saints, and flourishing people in all walks of life.
Feb 27, 2018 · Forcing skin in the game corrects this asymmetry better than thousands of laws and regulations. • Ethical rules aren’t universal. You’re part of a group larger than you, but it’s still smaller than humanity in general.
The phrase “skin in the game” is a common idiom used to describe a situation where someone has a personal stake or investment in an outcome. This can refer to both positive and negative outcomes, such as financial gain or loss, reputation, or even physical safety.
In his inimitable, pugnacious style, Nassim Nicholas Taleb shows that skin in the game applies to all aspects of our lives. It's about having something to lose and taking a risk. Citizens, lab experimenters, artisans, political activists and hedge fund traders all have skin in the game.
- Paperback
- Nassim Nicholas Taleb
