Book description
The trick, of course, is figuring out just how many of our successes (and failures) can be attributed to eachand how we can learn to tell the difference ahead of time.
In most domains of life, skill and luck seem hopelessly entangled. Different levels of skill and varying degrees of good and bad luck are the realities that shape our livesyet few of us are adept at accurately distinguishing between the two. Imagine what we could accomplish if we were able to tease out these two threads, examine them, and use the resulting knowledge to make better decisions.
In this provocative book, Michael Mauboussin helps to untangle these intricate strands to offer the structure needed to analyze the relative importance of skill and luck. He offers concrete suggestions for making these insights work to your advantage. Once we understand the extent to which skill and luck contribute to our achievements, we can learn to deal with them in making decisions.
The Success Equation helps us move toward this goal by:
Establishing a foundation so we better understand skill and luck, and can pinpoint where each is most relevant
Helping us develop the analytical tools necessary to understand skill and luck
Offering concrete suggestions about how to take these findings and put them to work
Showcasing Mauboussin’s trademark wit, insight, and analytical genius, The Success Equation is a must-read for anyone seeking to make better decisionsin business and in life.
Table of contents
- Cover Page
- Title Page
- Copyright
- Contents
- Acknowledgments
- Introduction: Sorting the Sources of Success
- Chapter 1: Skill, Luck, and Three Easy Lessons
- Chapter 2: Why We’re So Bad at Distinguishing Skill from Luck
- Chapter 3: The Luck-Skill Continuum
- Chapter 4: Placing Activities on the Luck-Skill Continuum
- Chapter 5: The Arc of Skill
- Chapter 6: The Many Shapes of Luck
- Chapter 7: What Makes for a Useful Statistic?
- Chapter 8: Building Skill
- Chapter 9: Dealing with Luck
- Chapter 10: Reversion to the Mean
- Chapter 11: The Art of Good Guesswork
- Appendix
- Notes
- Bibliography
- About the Author
Product information
- Title: The Success Equation
- Author(s):
- Release date: October 2012
- Publisher(s): Harvard Business Review Press
- ISBN: 9781422184240
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