Skin in The Game: Hidden Asymmetries in Daily Life - by Nassim Nicholas Taleb

"Skin in the Game" means taking responsibility for the risks one creates. It is a fundamental principle for the functioning of societies, recognized by Hammurabi millennia ago. The judge of morality is history. Morality perishes when the society practicing it does not survive. To act morally, one must assume certain risks for the well-being of their community and be accountable for self-inflicted consequences. Morality without skin in the game is relevant neither for the survival of the society that relies upon it, nor for the continued existence of morality itself.
Original Language: English

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