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TopicComputer model: wealth is down to chance, not talent
FLUFFYGERM
03/02/18 9:54:19 PM
#114:


Please re-read post #71 very carefully.

And then re-read the follow-up posts where I dissect the study itself.

It is NOT arguing that people who are rich are rich because of luck. There are scenarios where someone becomes rich because of luck, at the extremes of the distribution. But that is not at all what happens on average, even if we assume the model is worth anything. There are individuals who become rich because of talent and effort, and the majority of people could become wealthy without luck.

There are literally people in this topic who are arguing that success is all luck. TC and averagejoel are examples.
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