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Is Success Due to Hard Work, Talent, or Luck?
Money For the Rest of Us
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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