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Listen "Skin in the Game: Why Your Decision-Makers Need to Feel the Pain"
Episode Synopsis
📚Amazon Link
🎭 Unmasking the Experts: Discover why many "professionals" making crucial decisions affecting your life have no real stake in the outcomes.
💼 The Bob Rubin Trade: Learn about the dangerous asymmetry between risk and reward in business and politics.
⏳ The Lindy Effect: Unlock the power of time-tested wisdom in navigating an uncertain world.
🔑 Key Takeaways:
• Understand how lack of accountability creates hidden risks in our systems
• Learn to identify and create proper incentives in your organization
• Discover why grandma's advice might outweigh the latest academic theories
🧠 Behavioral Insights:
• Loss Aversion: Decision-makers behave differently when their own losses are at stake
• Survivorship Bias: Time-tested ideas have inherent value often overlooked by trendy new concepts
• Incentive Structures: Explore how misaligned incentives lead to systemic risks
🎯 Action Step: Identify one area in your life to increase your "skin in the game" this week.
🔖 Book Featured: "Skin in the Game: Hidden Asymmetries in Daily Life" by Nassim Nicholas Taleb
Don't miss this eye-opening episode that will change how you view decision-making, risk, and success in business and life!
🎭 Unmasking the Experts: Discover why many "professionals" making crucial decisions affecting your life have no real stake in the outcomes.
💼 The Bob Rubin Trade: Learn about the dangerous asymmetry between risk and reward in business and politics.
⏳ The Lindy Effect: Unlock the power of time-tested wisdom in navigating an uncertain world.
🔑 Key Takeaways:
• Understand how lack of accountability creates hidden risks in our systems
• Learn to identify and create proper incentives in your organization
• Discover why grandma's advice might outweigh the latest academic theories
🧠 Behavioral Insights:
• Loss Aversion: Decision-makers behave differently when their own losses are at stake
• Survivorship Bias: Time-tested ideas have inherent value often overlooked by trendy new concepts
• Incentive Structures: Explore how misaligned incentives lead to systemic risks
🎯 Action Step: Identify one area in your life to increase your "skin in the game" this week.
🔖 Book Featured: "Skin in the Game: Hidden Asymmetries in Daily Life" by Nassim Nicholas Taleb
Don't miss this eye-opening episode that will change how you view decision-making, risk, and success in business and life!
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