Seth's Blog : Confusing good luck with skill
If 1, 000 people toss a fair coin three times, 125 of them will get three heads in a row. Perfect score. And 125 will lose every time. We probably shouldn't give the winners too much credit. Actually, the real work is deciding which games to play and ...
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Confusing good luck with skill

If 1,000 people toss a fair coin three times, 125 of them will get three heads in a row. Perfect score. And 125 will lose every time.

We probably shouldn’t give the winners too much credit.

Actually, the real work is deciding which games to play and which results are worthy of trust and respect going forward.

        

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