The Success Equation: Untangling Skill And Luck... 95%

Activities where individual effort has no impact on the outcome. Examples include lotteries and roulette.

A simple heuristic to determine where an activity falls is to ask: The Success Equation: Untangling Skill and Luck...

Activities where the best performer almost always wins. Examples include running races, swimming, and chess. Activities where individual effort has no impact on