SoylentNews is people
SoylentNews
Arthur T Knackerbracket has found the following story:
Scientists at Northwestern University's Kellogg School of Management have established a causal relationship between failure and future success, proving German philosopher Friedrich Nietzsche's adage that "what does not kill me makes me stronger."
The researchers utilized advanced analytics to assess the relationship between professional failure and success for young scientists. They found, in contrast to their initial expectations, that failure early in one's career leads to greater success in the long term for those who try again.
"The attrition rate does increase for those who fail early in their careers," lead author Yang Wang said. "But those who stick it out, on average, perform much better in the long term, suggesting that if it doesn't kill you, it really does make you stronger."
The study, "Early-career setback and future career impact," will be published Oct. 1, in Nature Communications[*].
The findings provide a counter-narrative to the Matthew Effect, which posits a "rich get richer" theory that success begets more success.
"It turns out that, historically, while we have been relatively successful in pinpointing the benefits of success, we have failed to understand the impact of failure," said Dashun Wang, corresponding author and associate professor of management and organizations at Kellogg.
[...]The research does not contradict the Matthew Effect, but rather suggests a complementary path for those who fail.
"There is value in failure," Dashun Wang said. "We have just begun expanding this research into a broader domain and are seeing promising signals of similar effects in other fields."
[*] Nature Communications Open Access Link: Early-career setback and future career impact.
-- submitted from IRC
(Score: 2) by maxwell demon on Thursday October 03 2019, @03:41AM (1 child)
Wealth surely is an important factor in entrepreneurship, but not for scientists (at least from my experience in Europe; maybe in America it's different). However having the right connections helps a lot.
The Tao of math: The numbers you can count are not the real numbers.
(Score: 2) by RamiK on Thursday October 03 2019, @09:24AM
Wealth isn't just currency. There was a survey discussed in the context of hereditary intelligence a while ago demonstrating those working in Academia are highly likely of having parents similarly working in Academia. These political ties fall under wealth in the same way an entrepreneur benefits from their parent having a friendly banker or two.
Regardless, Academia and industry aren't separate. Look at Sander's wife scandal story from a few years ago went as far as to relate to the Democratic party's position on Cuba... Wealth is a web of interests and connection that exceeds money. A rich man moves his own money. A well connected politicians moves the nations money. They can put their sons in a foreign boardroom. They can run a billion dollar military contract their friend's way. This is no different in Academia. Not hiring the rich kid as a lab assistant could mean not getting a grant for your own research. Not giving the senator's son a pass on every test could mean no more talks of tenure.
Social networks and corruption are just different side of the same coin and they feed back and forth wherever and to everything humans touch.
compiling...