> Not accounting for luck as a factor of success is one of my pet peeves.
Why do you model life as a single bet where you have a 1 or 2% chance of winning? In reality you are making bets every day, each with a range of odds of succeeding and each success can produce a range of outcomes.
Look at poker, a game that has a massive "luck" component, people still consistently win.
Why do you model life as a single bet where you have a 1 or 2% chance of winning? In reality you are making bets every day, each with a range of odds of succeeding and each success can produce a range of outcomes.
Look at poker, a game that has a massive "luck" component, people still consistently win.