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Friday, June 24, 2011

the statistical nature of luck

Wouldn't luck like all of us prefer to have options. we cant just be good in one thing and ask our luck to make it a success.By being  good at many things we put less pressure on luck giving it a handful of options to choose from. This explains why people who have back-up plans (read good placements) tend not to need them as they convert good mba colleges and the much talked about and never worked upon 'Rich are getting  rich and poor are getting  poorer '. The rich as the book 'Rich dad poor dad' so loudly tells u gave ample opportunity to their (good)luck . while the poor look for reasons to curse theirs
If you give your good luck too many chances it will take a few  while bad luck 'creates opportunities ' . Personally  i believe in statistical nature of luck or in other words the sum total being same for  every body .for some luck manifests in form of fame,  for some money and for the rest  peace of mind which generally eludes the former . there is no way to ascertain that an an IITian is more lucky than a regular college (in love IITians are much  less statistically speaking ;) )

5 comments:

  1. i personally consider it a very intellectual article, a different but logical, factual and practical approach towards the insight of success..
    So we need to create backups and give more effort to luck to give us options ;-)

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  2. @ rahul thanks man .and i am nobody to provide insight to success ;) its just my views about the best way to go about things,formed out of all the experiences i had and things i observed .i m glad u liked it :)

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  3. Agreed. But why do we always give examples of IITians and of people cracking good mba colleges.Why not of people who haven’t graduated from IIT’s like Kishore Biyani .Luck is necessary but can’t be controlled. Many a time it happens that there are 2 shops close 2 each other.Both sell same products but one earns more profit than the other.This is luck not hard or smart work.And also I feel that back up is not helpful in all cases.There have been many cases where people have taken risk blindly without any back up. “Pure risk” just because they had firm belief and risk taking ability. Ruchi Chopra, CEO of ASAP is a very good example.
    And congrats Vipul.Good Work.

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  4. @ Karan thanks for the kind words.You raise a very valid point that why we always refer to IITS, after all they are just one day performance better than us. but don't we always go for branded materials and clothes .even a non branded 'local' thing can work much better, but it probabilistic approach :). prejudices and judgments over a period of time become 'social' facts :)

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Guys comments need not necessarily be well thought-of ,intellectually heavy or your theory in the context :). one liners like "well said" ,"had fun reading " ,"i don't agree" or even "i expected better" are heartily welcome:)