Skin In The Game.

Conceptual understanding is fine. It is, after all, most of what we do.  But it doesn't quite indicate how we would act if we had to navigate the parameters of our conceptions.  We chronically under-value lots of important stuff and over-value our own positions.  That's not new.  But actually having skin in the game, wherein decisions have some realizable impact, sure does change how we evaluate and act.  Which is interesting.  If individual conceptual understanding doesn't do a good job of showing what we'll actually do in a given situation, what does?  Forced skin.  Money on the line.  What have you.  That's the only real answer, as unappetizing as it might seem.