The Success Equation
eBook - ePub

The Success Equation

Untangling Skill and Luck in Business, Sports, and Investing

  1. 288 pages
  2. English
  3. ePUB (mobile friendly)
  4. Available on iOS & Android
eBook - ePub

The Success Equation

Untangling Skill and Luck in Business, Sports, and Investing

About this book

"Much of what we experience in life results from a combination of skill and luck.” — From the Introduction The trick, of course, is figuring out just how many of our successes (and failures) can be attributed to each—and how we can learn to tell the difference ahead of time.In most domains of life, skill and luck seem hopelessly entangled. Different levels of skill and varying degrees of good and bad luck are the realities that shape our lives—yet few of us are adept at accurately distinguishing between the two. Imagine what we could accomplish if we were able to tease out these two threads, examine them, and use the resulting knowledge to make better decisions. In this provocative book, Michael Mauboussin helps to untangle these intricate strands to offer the structure needed to analyze the relative importance of skill and luck. He offers concrete suggestions for making these insights work to your advantage. Once we understand the extent to which skill and luck contribute to our achievements, we can learn to deal with them in making decisions. The Success Equation helps us move toward this goal by:• Establishing a foundation so we better understand skill and luck, and can pinpoint where each is most relevant
• Helping us develop the analytical tools necessary to understand skill and luck
• Offering concrete suggestions about how to take these findings and put them to workShowcasing Mauboussin’s trademark wit, insight, and analytical genius, The Success Equation is a must-read for anyone seeking to make better decisions—in business and in life.

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Yes, you can access The Success Equation by Michael J. Mauboussin in PDF and/or ePUB format, as well as other popular books in Betriebswirtschaft & Entscheidungsfindung. We have over one million books available in our catalogue for you to explore.

Table of contents

  1. Cover Page
  2. Title Page
  3. Copyright
  4. Contents
  5. Acknowledgments
  6. Introduction: Sorting the Sources of Success
  7. Chapter 1: Skill, Luck, and Three Easy Lessons
  8. Chapter 2: Why We’re So Bad at Distinguishing Skill from Luck
  9. Chapter 3: The Luck-Skill Continuum
  10. Chapter 4: Placing Activities on the Luck-Skill Continuum
  11. Chapter 5: The Arc of Skill
  12. Chapter 6: The Many Shapes of Luck
  13. Chapter 7: What Makes for a Useful Statistic?
  14. Chapter 8: Building Skill
  15. Chapter 9: Dealing with Luck
  16. Chapter 10: Reversion to the Mean
  17. Chapter 11: The Art of Good Guesswork
  18. Appendix
  19. Notes
  20. Bibliography
  21. About the Author