MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
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The lucky-take-all society
By Michael Wolraich on Tue, 07/23/2013 - 9:28am |But how does one get to be the best CEO, rather than second best? Here’s where luck comes in. Of course, luck is pervasive in life and it’s hard to beat the importance of being lucky enough to have the right parents. Nonetheless, there are features of the modern market that accentuate the role of luck through the self-fulfilling nature of popularity...
URL:
http://www.economist.com/blogs/freeexchange/2013/07/popularity-luck-and-herding
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