Reddit Reddit reviews The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing

We found 3 Reddit comments about The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing. Here are the top ones, ranked by their Reddit score.

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The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing
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3 Reddit comments about The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing:

u/RamonFrunkis · 3 pointsr/opieandanthony

Had to look her up because I don't have the interests or talking points of a 13 year old virgin. And because your illiteracy and confidence of your awful comment irked me.

She looked nothing like Amy in 2010 or 2016.

And I suggest you get more mature interests. If you can read above a Trump level, for inspiration, read this book. It has great information on how to make better life decisions and how to invest your time and money more effectively.

u/ironhammerhead · 3 pointsr/washingtonwizards

here's a book that talks about the variance of luck vs skill in sports and how it affects the eventual outcome. the author essentially states that the variance of luck and skill is greater between players in basketball than hockey. the elite basketball players in the NBA are greatly better than the worst NBA players and the margin between elite hockey and bottom level NHL is not as great. plus the basketball players are allowed to have more time/possession of the ball than hockey players, which would lead to their skill being utilized more.

https://www.amazon.com/Success-Equation-Untangling-Business-Investing/dp/1422184234

u/SmokingPuffin · 1 pointr/Economics

>I can't imagine what qualities a result must have for to find it interesting then.

For me, the essence of interest is novelty. Either you are proposing some new way to understand the world, or you are proposing some innovation in an existing understanding of the world. Documenting the obvious is the grunt work of science; it is important and useful work, but it's not going to change the understanding of an expert in the field.

>I kind of disagree. The real world data are the measures of wealth inequality, and this paper's results demonstrate that such data is compatible with a world where luck alone determines success. I think you're being unfair if you also expect such a paper to prove luck actually is a causal factor in the way the model suggests it could be.

This paper gathered no such data. A paper that proves that luck is the primary causal factor in success would be a truly impressive work, but I have no such demand. What I would like to see is some method of testing the presented hypothesis outside of a laboratory setting. Hopefully that's the next paper.

>If you have links to other work of this type, please share!

This is an extremely well covered ground, so I would recommend doing a paper search. I'll just hit some highlights. This is another excellent read, possibly more in line with your interest than the second two links I provided earlier. I think the Black Swan book is really excellent though. For some attempts to study real world data sets, I recommend this and this and this.