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1. Skin in the game is about 4 topics ( to understand the world)
* A Uncertainty and the reliability of knowledge- Basically how to detect bullshit, and thus filter the information.
B. Symmetry in human affairs, that is, fairness justice, responsibility, and reciprocity. Basically, if you have the rewards, you must also get some of the risks and not let others pay the price of your mistakes. - Don’t tell me what you think, tell me what you do.
C. Information sharing in transactions. Knowing how much information you should practically share with others, ex: what a used car salesman should ( and shouldn’t ) tell you about the vehicle on which you are going to spend your savings.
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