MIT Tech Review reports on a new study which used computer model to analyze wealth distribution in society. It concludes that the majority of riches do not result from talent, intelligence or hard work - but luck. Those who succeed most in modern society are born well and experience several 'lucky events' which they exploit, but are of mediocre talent. The study's abstract states that the model has potential for encouraging investment in the genuinely gifted, and summarizes:
"...if it is true that some degree of talent is necessary to be successful in life, almost never the most talented people reach the highest peaks of success, being overtaken by mediocre but sensibly luckier individuals. As to our knowledge, this counterintuitive result - although implicitly suggested between the lines in a vast literature - is quantified here for the first time."
(Score: 2) by Whoever on Sunday March 04 2018, @02:35AM (5 children)
... not much of a feat when your standard of living means living in Mom's basement.
(Score: 2) by The Mighty Buzzard on Sunday March 04 2018, @02:48AM
It's easy to do regardless with ambitions like mine. I can get by quite happily only bleeding off around thirty grand a year from my savings. It's not even difficult. Not buying stupid shit that I don't need and barely want is the vast majority of my budget plan.
My rights don't end where your fear begins.
(Score: 1, Funny) by Anonymous Coward on Sunday March 04 2018, @02:59AM (3 children)
Lucky to have been borne to a mom with a basement.
(Score: 3, Funny) by The Mighty Buzzard on Sunday March 04 2018, @03:09AM (2 children)
I live in Tennessee at the moment. You don't build a basement here unless you've just always wanted an indoor pool.
My rights don't end where your fear begins.
(Score: 5, Funny) by mhajicek on Sunday March 04 2018, @05:06AM (1 child)
It would make the fishing easier.
The spacelike surfaces of time foliations can have a cusp at the surface of discontinuity. - P. Hajicek
(Score: 2) by The Mighty Buzzard on Sunday March 04 2018, @05:20PM
Holy shit! You're right! Where'd I put the shovel?
My rights don't end where your fear begins.