The biggest mistake: using “skin in the game” in place of “neck on the line”.

Neck on the line looks at exposure as an evolutionary filter that removes bad risk takers from the system so they stop harming others. Critically, it removes *involuntary* risk takers who harm others from the gene pool and socio-economic life.

via The biggest mistake: using “skin in the game” in… – Nassim Nicholas Taleb.