Kenneth Collett

Tag: The Sucker's Game

  • The Sucker’s Game (pt 2)

    If you haven’t read it already, check out the Sucker’s Game (pt 1) here. So how do you tell if the game you’re playing is still a winners game, or if it’s become a suckers game? Firstly, you need to cultivate an awareness of your own assumptions. What things does your business or industry take…

  • 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,…