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The Effect Of Luck On Our Lives
By Early Retirement SG  •  February 28, 2021
ometime ago, I posted about luck. Are You Smart? Or Just Plain Lucky? I chanced upon this YouTube clip which I felt was really worth the watch. I highly recommend going through it. He made a computer simulation whereby luck is only a 5% factor of a potential candidate. And yet, with just a potential up to 5% bonus in "stats", the result was significant over a large population. Within a large population, there are a lot of hardworking and smart people. The "stats" that each one is born with... well it's pretty average over a large population. I ran a similar experiment. For a population of 18,000, I ran some random numbers. For the skill stat, I ran random numbers between 0 to 95. For luck stat, I ran random numbers between 0 to 5. With a large population size, there will be many people with high skill stats. So the only differentiating factor is how much more luck that person is....
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By Early Retirement SG
Male, born in 1982. Graduated with a degree majoring in Banking & Finance, Financial Adviser for a period of time resulting in in-depth knowledge of insurance products and marketing techniques of the industry ...
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