If you’re rich, you’re more lucky than smart. And there’s math to prove it.
A new study that claims the predominance of luck over talent in the distribution of wealth has been mathematically confirmed. Two Italian physicists — Alessandro Pluchino and Andrea Rapisarda — and one economist — A. E. Biondo — make the case, and they’ve got a computer model to back it up.
“If it is true that some degree of talent is necessary to be successful in life, almost never the most talented people reach the highest peaks of success, being overtaken by mediocre but sensibly luckier individuals.”
Read a longer summary by Paul Solman of PBS News Hour…