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Friday, April 13, 2018

The clue of success

Por mayli2017

A recent study on the wealth and luck or success that many enjoy, which in most cases is not directly provided with intelligence. The results of the investigation revealed that there could be discrepancies in the way the opportunities are distributed by policy makers and funding agencies. What could reveal that the most talented, the people who are more likely to advance innovations, have better chances of being noticed.

The team of experts found several alternatives that could change the way in which people who are already successful are rewarded. A clear example of this is that instead of giving bonuses to the best sellers, one strategy could be to give small amounts of money to all, which was more effective than the meritocracy system in the simulation.

It is very usual that we all attribute our good fortune only to luck. Most of the time we prefer to believe that our material gains or positive results are the result of our brilliant intelligence, ability, abilities or hard work. But if success is concisely correlated with our skill, why are there so many rich people with such ordinary talents? And why are not the most intelligent in the world also the most enriched?

The physicists Alessandro Pluchino and Andrea Rapisarda and the economist Alessio Biondo, carried out a new study where they make use of a computer simulation of success, defined by financial wealth, to show that the most successful people in the world are not exactly the most talented, but those who enjoy more luck.

The researchers founded a fictional universe, populated with 1,000 individuals with various levels of talent in random positions who were exposed to good and bad luck in random events.They gave each person 10 units of capital. Their level of talent, intelligence, skill or effort, intervened in the probability that they could change a fortunate opportunity into more capital.

After a simulation of 40 years, which symbolizes the career of a person, the distribution of wealth looked frighteningly similar to that of the real world, with a small percentage of people owning much of the capital.

According to Pluchino, they had hoped that the most successful were also the most talented, assuming that the people who are rewarded are the most successful because they are more talented or intelligent than other people. However, the investigation revealed the opposite.

Often the most successful people are discreetly talented but very lucky. According to the researcher, they discovered a strict correlation between luck and success. Finding a series of lucky events was responsible for incredible successes even if the individual talent of that person was less than that of the super talented people. And exactly that is what often happens around us in the real world. There are many examples of people who from our point of view are not particularly intelligent but somehow reach a high level of wealth and success.

Obviously, they need a certain level of talent to be able to exploit those lucky opportunities, according to researchers. And this "talent" can be anything from the ability to work hard to intelligence. However, talent alone is not enough. In the simulation, the people who had the highest level of talent only formed a small portion of the successful ones.