![]() ![]() It is about symmetry, more like having a share of the harm, paying a penalty if something goes wrong. If you inflict risk on others, and they are harmed, you need to pay some price for it.ĭo not mistake skin in the game as just an incentive problem or just having a share of the benefits (as it is commonly understood in finance). Skin in the Game is about the distortions of symmetry and reciprocity in life: If you have the rewards, you must also get some of the risks, not let others pay the price of your mistakes. It is not just that skin in the game is necessary for fairness, commercial efficiency, and risk management: skin in the game is necessary to understand the world. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |