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Is Success Due to Hard Work, Talent, or Luck?

Money For the Rest of Us

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The Influence of Luck and Luck on Performance

Essentia Analytics analyzed 76 managers and ranked them based on the performance, but also their decision quality. Only 18% of the firms actually had a positive hit rate that they were skilled and added value. A good decision is one that produces a more positive outcome than would have been achieved by chance.

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