Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Tuesday, February 19, 2019 11:58:54 PM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

The winner shouldn't take it all

By
29th-Aug-2018       
Comments
Share your thought
Post a comment »
Read all () »

Chengwei Liu Ph.D. :
The winner should not take it all-because many of these exceptional performers are the luckiest and do not deserve all of our attention or reward.
The idea that the exceptional performers are the most skilled or talented is flawed. The reason is that exceptional performances tend to occur in exceptional circumstances. Top performers are often the luckiest people, who have benefitted from being at the right place at the right time.
Consider a college drop-out who turns out to be the wealthiest person in the world. Yes, Bill Gates may be very talented, but his extreme success perhaps tells us more about how circumstances beyond his control created such an outlier. Stated differently, what is more exceptional in this case may not be Gates's talent, but the circumstances at the start of his career.
For example, Gates's upper-class background enabled him to gain extra programming experience when less than 0.01% of his generation then had access to computers; his mother's social connection with IBM's chairman enabled him to gain a contract from the then leading PC company, generating a lock-in effect that was crucial for establishing the software empire. Of course, Gates's talent and effort play important roles in the extreme success of Microsoft. But that's not enough for creating such an outlier. Talent and effort are likely less important than the circumstances (e.g., network externalities generated by customers' demand for software compatibility boosted Gates's initial fortune enabled by his social background) in the sense that he could not have been so successful without the latter. Assuming the "winners" are the best is likely lead to disappointment: Even if you can imitate everything Bill Gates did, you will not be able to replicate his initial good fortune.
One might argue that many exceptional performers gained their exceptional skill through hard work, exceptional motivation or "grit," so they do not deserve to receive lower reward and praise. Some even suggested that there is a "magic number for greatness," i.e., a 10-year, or 10,000-hour rule: Many professionals and experts acquired their exceptional skill through persistent, deliberate practices.
However, detailed analysis of the case studies of experts often suggests that certain situational factors beyond the control of these exceptional performers also played an important role.
For example, three national champions in table tennis came from the same street in a small suburb of one town in England. It turns out that a famous coach of table tennis happened to retire in this particular suburb. Many kids on that street were attracted to this sport because of this coach and three of them realized the "10,000-hour rule" and performed exceptionally well, including winning national championship. Their talent and efforts were of course essential for realizing their exceptional performances. But without their early luck (i.e., having a reliable coach and supportive families), just by practicing 10,000 hours without proper feedback would not normally lead to a randomly picked kid becoming a national champion in table tennis. We could also imagine a child with superior talent in table tennis suffering from early bad luck (e.g., not having a capable coach or being in a country where being an athlete was not considered to be a promising career) and never having a chance to realize her potential. The implication is that the more exceptional a performance is, the fewer meaningful, applicable lessons we could learn from this "winner."
The figure below provides a useful reminder to fight against our intuition that exceptional performers are better, that higher performers are likely better and the key for a novice, poor performer to become an experienced, good one is not about luck but about skill and effort. The conventional wisdom, such as "the harder I work the luckier I get" or "chance favors the prepared mind," makes perfect sense when one focuses on this moderate performance region. Moving from good to great, however, is a different story. Being at the right place (e.g., succeeding in a context where early outcome has enduring impacts) and at the right time (e.g., having early luck) can be so important that it overwhelms merits.
We should not reward or imitate the "winners" but perhaps the "winners" should consider imitating Bill Gates (who became a philanthropist) or Warren Buffett (who proposed that richer Americans should pay higher taxes). The winners who appreciate their luck and do not take it all deserve more of our respect.
-Psycology Today

Tariff
Add Rate

News Archive

Inside The New Nation

Editorial »

Not memorization, students need analytical involvement


ABOUT one lakh students have applied to the Directorate of Primary Education (DPE) of the Primary and Mass Education Ministry for reexamination of their results, claiming that justice will be established if the authorities work properly. Some of students who failed in the examination alleged that they did not get ...

International »

`Crime may have been committed` by Trump: Ex-FBI official


AP, Washington :Former FBI Deputy Director Andrew McCabe said in an interview that aired Sunday that a "crime may have been committed" when President Donald Trump fired the head of the FBI and tried to publicly undermine an investigation into his campaign's ties to Russia. McCabe also said in the ...

Entertainment »

Moury Salim prefers challenging roles


Sheikh Arif Bulbon :Actress of present generation Moury Salim has been engaged with acting for many days. Though she has been busy with acting for long time but could not get the opportunity to work in challenging roles properly or the directors did not utilise her acting quality appropriately. On ...

Cricket »

Girona beat Real Madrid


BBC Online :Real Madrid missed the chance to go second in La Liga as Girona came from behind to record a surprise away win on Sunday.Casemiro powerfully headed in from Toni Kroos' deep cross from the right wing to give the hosts a first-half lead.Cristhian Stuani's penalty made it 1-1 ...

City »

Director General of Bangladesh Agricultural Research Institute Dr. Abul Kalam Azad speaking at the inaugural ceremony of a training programme on 'Marker Assisted Selection' at its seminar room in Gazipur on Monday.


.

Editorial »

Take hard-line against tax eviction by working foreigners


THE international organisations and development partners working in Bangladesh did not surrender or renew the Customs Passbooks of their 395 non-Bangladeshi staff till the date. The National Board of Revenue had directed them to complete the task within the January 31 deadline, newspapers reported. According to NBR, employees of 21 ...

City »

40 DU students get Sumitomo Corporation Scholarship


City Desk  :A total of 40 under-graduate students from different academic years of Dhaka University (DU) have been awarded Sumitomo Corporation Scholarship of Japan today February 17, 2019 at Nabab Nawab Ali Chowdhury Senate Bhaban of the university.Dhaka University Vice-Chancellor Prof. Dr. Md. Akhtaruzzaman presided over the function while Treasurer ...

Cricket »

Sri Lanka sensation Perera hailed for Test-winning heroics


AFP, Colombo :Kusal Perera became a national hero in Sri Lanka on Sunday after scoring an unbeaten 153 to guide his country to a sensational first Test victory in South Africa.The country's cricket legends and politicians lauded Perera, who has become a linchpin for the ailing national side since fighting ...

International »

Japan PM nominated Trump for Nobel after US request


AFP, Tokyo :Japan's Prime Minister Shinzo Abe nominated US President Donald Trump for the Nobel Peace Prize last autumn after being requested to do so by Washington, a Japanese newspaper reported Sunday.Washington sounded out Tokyo over the possibility of nominating Trump for the prize after his landmark summit with North ...

Entertainment »

Shraddha Kapoor obliges fans amidst a busy schedule


Actress Shraddha Kapoor obliges for some selfies with her fans amidst a busy schedule. The actress was pictured today in London where she is working on her upcoming project Street Dancer 3D. The official Instagram handle of Manav Manglani had recently posted pictures of her taking selfies for her fans ...

Editorial »

Ensure safety for patients in the hospitals by any means


CITY'S Shaheed Suhrawardy Medical College Hospital has started operations after a messy situation caused by fire on Thursday evening. Director of the SSMCH said a total of 1,174 patients, including 72 children, were shifted to other government hospitals after the fire originated at the children's ward on the second floor ...

Sports »

Stunned Japan swimmers back stricken Olympic pin-up Ikee


AFP, Tokyo :Japanese swimmers have vowed to step up their efforts in support of Rikako Ikee, the poster girl for the 2020 Tokyo Olympics who has announced she is suffering from leukaemia.Earlier this week, the 18-year-old swim queen tweeted that she had cut short a training camp in Australia after ...

Football »

Capoue sends Watford into FA Cup quarter-finals at QPR's expense


Etienne Capoue's goal in first-half stoppage time was enough to give Watford a 1-0 win away to Queens Park Rangers (QPR) on Friday that saw the Hornets into the quarter-finals of the FA Cup.Both sides had opportunities in an even opening period that belied the fact that Watford are eighth ...

International »

Turkey has not revealed all about Khashoggi killing : Erdogan


AFP, Ankara :Turkey has not yet revealed all the information it has discovered about the killing of journalist Jamal Khashoggi in the Saudi consulate in Istanbul, President Recep Tayyip Erdogan said Friday."We haven't given all the elements we have at our disposal," the Turkish head of state said during an ...

Entertainment »

Fagun Haway' draws huge acclamation


Entertainment Desk :The premier show of 'Fagun Haway', a movie based on the 1952 Language Movement, draw a large number of film loving people at cinema halls.Actor turned director Tauquir Ahmed directed the movie which was released simultaneously at 52 cinema halls across the country.The story of the movie was ...

 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news