To have "skin in the game" is to have incurred risk (monetary or otherwise) by being involved in achieving a goal. The term "skin" refers to an investment (literal or figurative). The term "game" is a metaphor for actions on the field of play under discussion. The aphorism is particularly common in business, finance, and gambling, but is also used in politics. Having a measurable risk when taking a major decision is necessary for fairness, commercial efficiency, and risk management, as well as being necessary to understand the world.<br /><br />Actors must bear a cost when they fail the public. A fund manager that gets a percentage on wins, but no penalty for losing is incentivized to gamble with his clients funds. Bearing no downside for one's actions means that one has no "Skin In The Game", which is the source of many evils. Skin in the game describes an evolutionary process. Those who commit risks of ruin and have skin in the game will not survive. The evolutionary processes will eliminate (physically or figuratively by going bankrupt etc) those tending to do stupid things.<br /><br />The Irrational: <a href="https://youtube.com/playlist?list=PLDFhIN4gkmig-R7Z2vdA3f8_9ss_R7xTP" target="_blank" rel="nofollow">https://youtube.com/playlist?list=PLDFhIN4gkmig-R7Z2vdA3f8_9ss_R7xTP</a><br />The Statistically Insignificant: <a href="https://youtube.com/playlist?list=PLDFhIN4gkmii26USmtM0jAs0wAlsA4wfM" target="_blank" rel="nofollow">https://youtube.com/playlist?list=PLDFhIN4gkmii26USmtM0jAs0wAlsA4wfM</a><br />SMILE: <a href="https://youtube.com/playlist?list=PLDFhIN4gkmigbq7MpkFhkBejfDyg3a6qn" target="_blank" rel="nofollow">https://youtube.com/playlist?list=PLDFhIN4gkmigbq7MpkFhkBejfDyg3a6qn</a><br /><br />Original Video Sources: <br />May 11, 2021 SARS-CoV2 Pandemic Hearing: <a href="https://www.youtube.com/watch?v=qW8MF98wCgs&t=8590s" target="_blank" rel="nofollow">https://www.youtube.com/watch?v=qW8MF98wCgs&t=8590s</a><br />Steve Jobs: <a href="https://www.youtube.com/watch?v=4n6LrehCPOQ&t=16s" target="_blank" rel="nofollow">https://www.youtube.com/watch?v=4n6LrehCPOQ&t=16s</a><br />Nassim Taleb: <a href="https://www.youtube.com/watch?v=0Uc4DI-BF28" target="_blank" rel="nofollow">https://www.youtube.com/watch?v=0Uc4DI-BF28</a><br />November 4, 2021 SARS-CoV2 Pandemic Hearing: <a href="https://www.youtube.com/watch?v=mh-yUoM-Y8I" target="_blank" rel="nofollow">https://www.youtube.com/watch?v=mh-yUoM-Y8I</a><br />Frank Sinatra (Fly me to the Moon): <a href="https://www.youtube.com/watch?v=ZEcqHA7dbwM" target="_blank" rel="nofollow">https://www.youtube.com/watch?v=ZEcqHA7dbwM</a><br /><br />Odysee: <a href="https://odysee.com/@DavidSiwarski" target="_blank" rel="nofollow">https://odysee.com/@DavidSiwarski</a><br />Twitter: <a href="https://twitter.com/davidsiwarski" target="_blank" rel="nofollow">https://twitter.com/davidsiwarski</a><br />Substack: <a href="https://davidsiwarski.substack.com/" target="_blank" rel="nofollow">https://davidsiwarski.substack.com/</a><br />Reddit: <a href="https://www.reddit.com/user/DavidSiwarski" target="_blank" rel="nofollow">https://www.reddit.com/user/DavidSiwarski</a><br />Github: <a href="https://github.com/davidsiwarski" target="_blank" rel="nofollow">https://github.com/davidsiwarski</a><br />Instagram: <a href="https://www.instagram.com/davidsiwarski/" target="_blank" rel="nofollow">https://www.instagram.com/davidsiwarski/</a>