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"When you're rich, they think you really know." -- Fiddler on the Roof People have a hard time understanding randomness, so of course they can't distinguish lu
by xapata 6y ago
"When you're rich, they think you really know." -- Fiddler on the Roof
People have a hard time understanding randomness, so of course they can't distinguish luck from skill. If you ask the average person to put dots on a page randomly, they'll generally create some kind of pattern in order to cover the page thoroughly. If you show someone a random distribution of dots, they'll be convinced there's a pattern. Faces in clouds.
I used to play poker semi-professionally. I wondered why the same people came, day after day, to give me money. Sure, sometimes they'd win. It's the randomness of it that confused them. They'd see skill where there was luck, and luck where there was skill.