In a hits-based business what possible methods exist to isolate luck from skill in a "scientific" way?
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@mjmauboussin might be willing to weigh in on separating luck vs skill in this scenario - 3 more replies
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Isn’t this kind of ad hominem? Couldn’t this be flipped around? An academic version of Mike Solana says, “people in hits-based industries falsely attribute accomplishment to luck?”
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By luck I mean skill.
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Don’t think that’s applicable to business schools? (Which is where this working paper originates)
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Why is that?
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“Being in the right place, right time” has got to be the most overused, hand waving statement to discredit anyone who has achieved something. How is that an argument?? Also, correlation doesn’t equal causation
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There is also a methodological bias - it's impossible for a study to determine something like this.
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