A interesting take on this phenomenon from the point of view of the insider and outsider - https://commoncog.com/blog/good-synthesis-adapting-to-uncert...
A lot of “idiotic” things have reasonable explanations (2011)
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Re: A lot of “idiotic” things have reasonable explanations (2011)
#22Re: A lot of “idiotic” things have reasonable explanations (2011)
#23Consider `life` been a nonlinear chaotic process, so causality from been smart alone cannot be established.
Re: A lot of “idiotic” things have reasonable explanations (2011)
#24Should be: > If idiots call everyone else idiots, how come their are not rich?
The author probably is, assuming she bought NFLX.
Re: A lot of “idiotic” things have reasonable explanations (2011)
#25Whenever you see someone who you believe to be an idiot succeeding, it usually means they're really good at the game and you don't even understand what the game is .
Damn, this is the kind of quote you see on a title card in a movie about gambling. Nice.
Re: A lot of “idiotic” things have reasonable explanations (2011)
#26To answer the question posed in the title (and yes, I read the fluffy article) - luck decides who gets rich.
Even if that's true, it still implies that everyone else mostly aren't idiots, because otherwise it wouldn't take luck to get rich, all it would take is outsmarting all these idiots everywhere.
The point is you cannot outsmart lucky idiots.
Re: A lot of “idiotic” things have reasonable explanations (2011)
#27Whenever you see someone who you believe to be an idiot succeeding, it usually means they're really good at the game and you don't even understand what the game is .
Or maybe you just don't want to play the game anymore.
Re: A lot of “idiotic” things have reasonable explanations (2011)
#28While I agree with the article, it is important to distinguish the macro from the micro point of view.
From the micro point of view, a talented individual has a greater a priori probability to reach a high level of success than a moderately gifted one.
On the other hand, from the macro point of view of the entire society, the probability to find moderately gifted individuals at the top levels of success is greater than that of finding there very talented ones, because moderately gifted people are much more numerous and, with the help of luck, have - globally - a statistical advantage to reach a great success, in spite of their lower individual a priori probability.
Re: A lot of “idiotic” things have reasonable explanations (2011)
#29What's ironic to me is (IMO) Netflix is probably the shrewdest big company in existence now. Hastings has dominated not one but two markets, the second obviously larger and more insurmountable than the first. Almost Every single decision they make (including and especially ones that make customers unhappy, like their shitty browsing experience) seems so calculated and thoughtful it's just amazing. Even I thought Disn…
Meh, Netflix is one of many for me. Would be happy if it didn't exist, to watch other stuff on other streaming and I don't think they necessarily have the best content.
Netflix try's to get you hooked on their originals, but the problem with that is once you binged a series you want something else - they cant keep feeding you the crack that is that current series because they take months to produce, so you switch to something else - and at that point it could be something else on Netflix, or just as easily something else somewhere else. I don't think Netflix is really that sticky.
But maybe I am proving the point of the article and I'm missing the strategy.
Re: A lot of “idiotic” things have reasonable explanations (2011)
#30"If you secretly despise wealth, it will elude you."