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A #toymodel explores the role of #luck vs. #talent in determining #success and #failure:
The #distribution of #wealth follows a well-known pattern sometimes called an 80:20 rule~ 80% of the wealth is owned by 20% of the people–a well-studied #pattern called a #powerlaw that crops up in a wide range of social phenomena.
"Talent vs Luck: the role of randomness in success and failure"
A. Pluchino. A. E. Biondo,
A. Rapisarda
paper: https://arxiv.org/abs/1802.07068
…
review:
https://www.technologyreview.com/s/610395/if-youre-so-smart-why-arent-you-rich-turns-out-its-just-chance/#
@josemurilo
Of course, all such models are predicated upon certain assumptions about what #success and #failure are....
(The paper should make these clear; this is just a PSA for passers-by)