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Lysander Spooner's avatar

It wasn't luck that won Ben Bernanke the Nobel. It wasn't skill either. Apparently you can mismanage the economy to create the worst financial crisis in history and still win a Nobel in Economics.

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Dan Hochberg's avatar

I do think it's odd we live in a universe where people can design a simulation model and not realize they are just playing, but instead present the results as if they are serious conclusions. Nothing wrong about playing, and what begins in play can often turn into something of value. I am a huge fan of joking around. But you have to know when what you arrived at isn't a serious result.

Not arguing over the main thesis of the article about the role luck (or just factors outside your control) plays, which I agree on.

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