I was skimming through the tweets about Taleb when I saw one from one of his former [friends] which was about Taleb's "skin of the game" saying that it is neither necessary nor sufficient for "good judgment".
I refute him thus. Skin-in-the-game is not a sufficient condition for good judgment (e.g., military blunders, with real skin at stake). Nor is it a necessary condition (Kahneman’s brilliant research done inside IYI club). Skin-in-the-game is a facilitative condition: it helps
I was wondering if having skin in the game may be harmful to judgement in certain circumstances where a person having skin in the game(or too much of it) may be more likely to form inaccurate ideas about something than looking at the same thing from a rather detached position, an ivory tower so to speak. : https://twitter.com/PTetlock/status/953741253409165312