Nassim Nicholas Taleb on Rationality, Risk, and Skin in the Game

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4.7 • 4.3K Ratings

🗓️ 5 March 2018

⏱️ 74 minutes

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Summary

Nassim Nicholas Taleb, author of Skin in the Game, talks with EconTalk host Russ Roberts about the ideas in the book. This is the third episode of EconTalk with Taleb related to the general topic of skin in the game and how it affects decision-making and policy in an uncertain world. This episode focuses on rationality, religion, and the challenge of thinking about probability and risk correctly in a dynamic world.

Transcript

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0:00.0	Welcome to Econ Talk, part of the Library of Economics and Liberty.
0:08.0	I'm your host, Russ Roberts of Stanford University's Hoover Institution.
0:12.6	Our website is econtalk.org where you can subscribe, comment on this podcast, and find
0:17.6	links and other information related to today's conversation.
0:20.5	We'll also find our archives where you can listen to every episode we've ever done going
0:24.8	back to 2006.
0:27.0	Our email address is mailadycontalk.org.
0:29.0	We'd love to hear from you.
0:31.0	Today is February 13th, 2018, and my guest is now Sam Nicholas Taleb.
0:39.3	His latest book is Skin in the Game, Hidden a Cemetery is an Everyday Life.
0:43.4	This is his eighth e-contalk episode.
0:46.0	Now Sam, welcome back.
0:47.7	Thank you.
0:48.7	Thanks for inviting me again.
0:50.2	And I'm both excited and slightly embarrassed to say that our topic for today is Skin in
0:55.3	the Game.
0:56.3	It's in a way our third episode on the topic.
0:59.9	We did one episode on the paper you wrote with Constantine Sandis that had the title, The
1:04.4	Skin in the Game, Heuristic for Protection Against Tale Events.
1:08.0	Then last August of 2017, we did have any kind of talk episode on the book that you're
1:14.1	having, that's coming out shortly.
1:15.8	You mean some aspects of the book?
	...

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