What role, exactly, do skill and luck play in our successes and failures? Some games, like roulette and the lottery, are pure luck. Others, like chess, exist at the other end of the spectrum, relying almost wholly on the skill of the players. But in every other domainafrom business, to investing, to sportsaskill and luck seem almost hopelessly entangled. In his provocative new book, Michael Mauboussin untangles the intricate strands of skill and luck, defines them, and provides useful frameworks for analyzing their relative contributions. He offers concrete suggestions for how to put these insights to work to your advantage in business and other dimensions of life. Among the insights that Mauboussin reveals: ac When your skill is greatest in different domains (the aarc of skilla) ac Why you want to increase randomness when youare the underdog ac Why understanding reversion to the mean is crucial ac How to find therightstatistic ac Why social ties can greatly increase a productas chances for success Showcasing Mauboussinas trademark wit, insightfulness, and analytical mind, The Success Equationis a must-read for anyone seeking to make better decisionsain business and in life.He offers concrete suggestions for how to put these insights to work to your advantage in business and other dimensions of life.
|Title||:||The Success Equation|
|Publisher||:||Harvard Business Press - 2013-12-30|