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"Okay, you have gotten the memo on improving skill: 10,000 hours, hard work, deliberate practice, grit, and attentive teacher. We've all heard it. You also recognize that in many of life's activities, the results you achieve combine skill and luck. No debate there. Now, what if I told you that in many cases improving skill leads to results that rely more on luck? That's right. Greater skill doesn't decrease the dependence on luck, it increases it. If you have an interest in sports, business, or investing, this lesson is for you."
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Decision making is an inherently social exercise. Here, Michael Mauboussin details three shocking psychological studies that reveal just how another's action or opinion can profoundly change your own.
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