Maybe interesting:
https://hive.blog/philosophy/@erh.germany/skin-in-the-game
Though I would now give different numbers in my scaling (you know what I am talking about when you read the blog)
For the above writing:
Good objections. It is true, of course, that someone does not automatically have "more right/see-through" to some place in the economic sun just because he plays with more stakes (whereby one inevitably deals with the whole matter such as supply, demand, price and all the technical stuff and thus acquires other expertise).
I also see it as the case that the higher the sum, the quicker comes the sweating, the public relation, the talking around, the enthusiastic selling and the getting angry or nagging or calling for justice when things are on "uncertain".
The question arises, however, whether one does not pay extra attention, is careful, wants to keep a cool head, BECAUSE one is risking one's skin.
Well, all rather theoretical considerations, in any case I have no financial risk at all here, at most one of a lack of readership, but I've got used to that after I had a lot to do in the comments section for the first two years or so.
I still find a real casino much more exciting than all the virtual stuff. It's too technical for me.
A very good post, my friend.
The attention with 'no skin', is an entirely different question.
It becomes one of having 'the necessary stimulus required' , to garner the appropriate attention.(which having 'skin in', does tend to satisfy).
An interesting dynamic that my friend has going on...Steph 'buys', and a business partner 'sells' for her - tells her_when_ to sell... ( And vice versa). They trust each others 'unbiased' judgment (over many years).They're very wealthy.
I play chess at the same standard, with or without money involved.
(although my poker game is very different)
I learned a lot from your post.