Is that supposed to be funny? The fact that you have a computer means you have won something. I’d be willing to guess that more technologies will emerge and you’ll use them. That’s like winning a lottery. But you don’t get more successful unless you make intelligent decisions. Stupid decisions are punished, there are exceptions to this...
But seriously, lottery is a loaded term. It’s often used as a metaphor for ‘capitalist trick’ (which smart people avoid).
The idea that thing average out depend on the assumption of success being due to a lot of independent events.
Computer simulations of markets with trades of equal skill have no problem to produce the kind of difference in financial results that the traders we observe in reality produce.
The fact that some authors write books that are more popular than the book of other authors is explainable without difference in skill or book quality.
But not everybody wins sometimes the lottery.
Is that supposed to be funny? The fact that you have a computer means you have won something. I’d be willing to guess that more technologies will emerge and you’ll use them. That’s like winning a lottery. But you don’t get more successful unless you make intelligent decisions. Stupid decisions are punished, there are exceptions to this...
But seriously, lottery is a loaded term. It’s often used as a metaphor for ‘capitalist trick’ (which smart people avoid).
The idea that thing average out depend on the assumption of success being due to a lot of independent events.
Computer simulations of markets with trades of equal skill have no problem to produce the kind of difference in financial results that the traders we observe in reality produce.
The fact that some authors write books that are more popular than the book of other authors is explainable without difference in skill or book quality.
in a Pickwickian sense everybody does, only their payoffs varies