Seth's Blog : Compounding luck
Human luck doesn't even out. Regression to the mean explains that in statistics, outlying events tend to be overcome by average ones. But in society, the opposite is often true. A small headstart becomes a bigger one, or a small stumble can turn into ...
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Compounding luck

Human luck doesn’t even out.

Regression to the mean explains that in statistics, outlying events tend to be overcome by average ones. But in society, the opposite is often true. A small headstart becomes a bigger one, or a small stumble can turn into something that is hard to overcome.

Individuals can work to amplify their good luck.

And society is obligated to create the conditions for bad luck to fade into the background.

We don’t do either one as much as we could or should.

        

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