Tag: second order thinking

  • The Sucker’s Game (pt 1)

    In Antifragile, Nassim Taleb describes a sucker’s game as a game in which “the benefits are small and visible, and the side effects potentially severe and invisible.” Shane Parish from Farnam Street would call this first-order positive and second-order negative, or negative asymmetry. Basically, suckers take a small and visible win in the short term,…