Those who take rational actions win more often than those who do not.
If we take a sample of those who have achieved the greatest utility then we can expect that sample to to be biased towards those who have taken the most risks.
Even in idealised situations where success is determined soley by decisions made based off information and in which rationality measured based on how well those decision maximise expected utility we can expect the biggest winners to not be the most rational.
When it comes to actual humans the above remains in place, yet may well be dwarfed by other factors. Some lyrics from Ben Folds spring to mind:
Fate doesn’t hang on a
wrong or right choice, fortune depends on the
tone of your voice
Those who take rational actions win more often than those who do not.
If we take a sample of those who have achieved the greatest utility then we can expect that sample to to be biased towards those who have taken the most risks.
Even in idealised situations where success is determined soley by decisions made based off information and in which rationality measured based on how well those decision maximise expected utility we can expect the biggest winners to not be the most rational.
When it comes to actual humans the above remains in place, yet may well be dwarfed by other factors. Some lyrics from Ben Folds spring to mind:
Fate doesn’t hang on a wrong or right choice, fortune depends on the tone of your voice