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Wednesday, November 14, 2018 09:44:03 AM
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The winner shouldn't take it all

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29th-Aug-2018       
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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.
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