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Do success stories cause false beliefs about success?

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Re: Do success stories cause false beliefs about success?

#31
Does showing a lottery winner increase the number of people that purchase lottery tickets?

I feel that there are large parts of academia that have fallen behind, not to "industry" at large, but to marketing. :(

Edit: To be fair, this is a study that is worth doing.

Re: Do success stories cause false beliefs about success?

#32
On the other hand, belief in success is often a prerequisite to putting effort or resources towards a goal. Failure can teach important lessons to those willing to learn and adapt. Probability can be an interesting tool for approximating conditions, but ultimately if we are looking to profit from our actions we need to think about things from a deterministic perspective.

I agree that a class of ridiculous "prosperity preachers" exists. These people sell a product which is similar to a diet fad. A fantasy people can indulge in without doing hard work or making sacrifices.

Most people choose to focus on their successes. They might not list all of their failures. Meanwhile, those who have failed and quit might choose to focus on their failures. Unsolved problems become unsolvable items beyond their control. Themes of unfairness and the unreasonable expectations surrounding them usually follow.

If we are to acknowledge survivor's bias, we should also acknowledge "croaker's bias". Just like there is irrationality surrounding prosperity preachers, there is also toxicity surrounding the "can't do", "it is all unfair", "he just got lucky", "because silver spoon" ideology. No effort is required to engage with this toxic ideology's self-fulfilling failure mode.

Re: Do success stories cause false beliefs about success?

#33
post #22
post #7

Prime example: if you go to any article about "OKR methodology" you will find the authors stating that it was OKRs that made Google what it is. If your manager sees such an article, you will be switching to OKRs instantly.

The amount of companies doing now OKR is baffling to me. Also most companies I have seen and worked with are doing OKR as a to-do list for the management to check what people are doing.

I can see the appeal, "use this and become the next Google".

However, like you said, without a clear vision and long-term strategy, OKRs basically become "management wishlist".

Re: Do success stories cause false beliefs about success?

#34

Nobody writes it, but it's okay to have average job, with average life and average family as long as you can enjoy your life! Why burden yourself with idea of success and setting expectations. At this point I am sure life doesn't give anything unless you look for it. And even if you seek, there is no guarantee. So I think it's waste of energy. My experience so far. I am really glad that I learned how stability is nec…

I fought like a mad man, because I had to try to become rich in shithole country that was busy imploding and erecting discrimination laws against my class of people... so it was not easy, but success already can be quite hard without a bit of luck... I made it... it was insane... yes it is very satisfying to have financial freedom... but oh boy the price I paid, I dunno if I can recommend it. I was the kind of guy who would crawl through broken glass (like Elon said) to get to success. I used to look. down on people who didn't persue their goals or didn't have grand goals... I do not anymore because I know it's not cowardice it could be entirely sensible. The price of. success can be very high. Sometimes too. high. Especially if you value other things that money does not buy. Still, money buys freedom and options. Which for. a creatively driven person who does not fit in well with the world, this is a VERY valuable thing.

Re: Do success stories cause false beliefs about success?

#37

First thing you need to do is define the term: Success Living in the US of America is already a success compared with most other places in the world. Success for most people is not making a billion dollar company. Success for them is being able to raise a family, work on their own, pursue their interests and be free. In the US you can do that way easier than in the rest of the world. Billionaires are not happier than…

> Living in the US of America is already a success compared with most other places in the world.

> Success for most people is not making a billion dollar company. Success for them is being able to raise a family, work on their own, pursue their interests and be free. In the US you can do that way easier than in the rest of the world.

This is such self absorbed and delusional opinion!

Your point proves point of the article. US is extremely hostile to families. It is incredibly expensive to raise children. System itself is rigged against families, it tries to tear family structure apart. Even finding fertile partner who wants children is very difficult.

Let us know when you get pregnancy leave and affordable health care :)

Re: Do success stories cause false beliefs about success?

#38

Absolutely, I've had friends with limited business or tech background pump hard-earned savings into crazy tech startup ideas, precisely because they've read too many of these success stories. I've been guilty of not trying to talk sense to some of them, so much so that there's one particular marriage break-up related to a stupid tech start up blowing a couples life savings that still haunts me. And for the record, he…

A SaaS company, Salmon as a Service, providing next day delivery of fresh salmon, when the same thing can be bought at the local store.

There's a few online fish companies here in the UK. They're doing well. It might be easier because British people are slightly obsessed with Scottish salmon, and the country is much smaller which makes overnight delivery simpler.

Re: Do success stories cause false beliefs about success?

#39
post #19

From my personal experience I would say we have this bias not only when it comes to success stories. One person has done something good or bad. Then all people who are in that specific group must be like this. Think of Politicians. One does something bad they are all bad. One bicycle driver is riding like crazy so lets ban all of them. I had some bad Asian food so Asian food in general must be bad. Country X had a sh…

Also European, and would like to point out that the major difference is the investor cash available to startups comparing to places like Silicon Valley.
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