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For instance, bank blowups came in 2008 because of the accumulation of hidden and asymmetric risks in the system: bankers, master risk transferors, could make steady money from a certain class of concealed explosive risks, use academic risk models that don’t work except on paper (because academics know practically nothing about risk), then invoke uncertainty after a blowup (that same unseen and unforecastable Black Swan and that same very, very stubborn author), and keep past income—what I have called the Bob Rubin trade.
Skin in the Game
Nassim Nicholas Taleb
I relived every negotiation in my life to that point. So, Dad, you remember that Crazy Idea I had at Stanford . . . ? Gentlemen, I represent Blue Ribbon Sports of Portland, Oregon. You see, Dot, I love Penny. And Penny loves me. And if things continue in this vein, I see us building a life together.
These cues also increased feelings of working together but not other processes.
Cues of Working Together Fuel Intrinsic Motivation
sciencedirect.com
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