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The author needs a strong dose of Nassim Taleb. The headline is just clickbait and not how you actually do statistics when there are tremendous levels of non-l
by rramadass 1y ago
The author needs a strong dose of Nassim Taleb.
The headline is just clickbait and not how you actually do statistics when there are tremendous levels of non-linear and random effective parameters in the system.
An Introduction to Pareto, Power Laws, and Fat Tails (good summary of Taleb's important ideas) - https://www.youtube.com/watch?v=Wcqt49dXtm8 https://www.youtube.com/watch?v=Wcqt49dXtm8
IQ is largely a pseudoscientific swindle - https://medium.com/incerto/iq-is-largely-a-pseudoscientific-swindle-f131c101ba39 https://medium.com/incerto/iq-is-largely-a-pseudoscientific-...
In order to achieve success, you need to focus on five different aspects;
1) Timing 2) Context/Environment 3) Means/Tools 4) Talent/Hardwork/Self-Effort and finally 5) Random Chance. While all of them are important and must be considered, the effects of each will be substantially non-linear in the spectrum of Mediocristan (low to non-existent systemic effects) to Extremistan (very high systemic effects) events. See also Complex Systems - https://en.wikipedia.org/wiki/Complex_system https://en.wikipedia.org/wiki/Complex_system
The "advanced" western countries built an all encompassing political/economic/financial/social/etc. system where the first four are maximized to amplify the efforts of even just above-average people. Such a system does not exist in China/India and that is the reason Chinese/Indians do far better when they move to western countries rather than in their own countries. It is the overall system which matters the most. Also quality over quantity is the axiom in Science/Technology research.