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 Originally Posted by CoccoBill
Could you try again in english? EILI5, remember the question was what's different about regulating against discrimination vs regulating against killing/stealing.
Skin in the game is a concept popularized by mathematician Nassim Taleb (yet is a common idea), which is when you have downside risk directly tied to the decisions you make. It is essentially that the more directly you are impacted by something, the more skin in the game you have.
Asymmetric information is a term used more frequently in financial economics. It's where there is a difference in the information a buyer and seller have, or more broadly the difference in information two different interacting parties have.
The marketplace increases skin in the game and reduces asymmetric information because in it decisions are made by those most impacted by those decisions and with the most relevant and related information.
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