The Skin In The Game Heuristic for Protection Against Tail Events – Constantine Sandis, Oxford Brooks; Nassim Nicholas Taleb, NYU-Poly; Université Paris I Panthéon-Sorbonne – Centre d’Economie de la Sorbonne (CES). July 30, 2013 “Standard economic theory makes an allowance for the agency problem, but not the compounding of moral hazard in the presence of informational opacity, particularly in what… Continue Reading