Are successful people primarily the beneficiaries of luck, timing and cultural legacy?
What is the difference between Joe Six-Pack, Joe the Plumber and Joe Biden? One is vice president, and the other two are not. Why? The answer depends on a host of interactive variables that must be factored into any equation of success: genes, parents, siblings, peers, mentors, practice, drive, culture, timing, legacy and luck. The rub for the scientist is determining the percentage of influence of each variable and its interactions, which requires the use of sophisticated statistical models.
Journalists unconstrained by research protocols churn out selfhelp books that focus on select variables that interest them. Few do so better than Malcolm Gladwell, and in his new book Outliers: The Story of Success (Little, Brown, 2008), the New Yorker writer claims that successful people are not “self-made” but instead “are invariably the beneficiaries of hidden advantages and extraordinary opportunities and cultural legacies that allow them to learn and work hard and make sense of the world in ways others cannot.” (continue reading…)
Imagine that you are a banker with a limited amount of money to lend. If you advance loans to people who are the poorest credit risks, you are taking a great gamble that they will default on their loans and you will go out of business. This sets up a paradox: the people who most need the money are also the worst credit risks and thus cannot get a loan, whereas the people who least need the money are also the best credit risks and thus it is that the rich get richer.
The evolutionary psychologists John Tooby and Leda Cosmides call this the Banker’s Paradox, and they apply it to a deeper evolutionary problem: to whom should we extend our friendship? The Banker’s Paradox, they suggest, “is analogous to a serious adaptive problem faced by our hominid ancestors: exactly when an ancestral hunter-gatherer is in most dire need of assistance, she becomes a bad ‘credit risk’ and, for this reason, is less attractive as a potential recipient of assistance.” (continue reading…)
This is a brief video introduction to the power of belief through the three books of my trilogy: Why People Believe Weird Things, How We Believe, The Science of Good and Evil, and (pace Douglas Adams) volume 4 of the trilogy, The Mind of the Market. The first volume is on science and pseudoscience and, as the title says, why people believe weird things. Vol. 2, How We Believe, is on why people believe in God (but the publisher didn’t want to call it that so they went with the more generic title on belief). Vol. 3 is on why we are moral, but since the book deals more than with the evolutionary origins of morality, they once again went with the broader title. Vol. 4, then, expands on the theme of belief in the realm of economics, and why people believe weird things about money and why markets seem to have a mind of their own.
I visited the Creation Museum in Petersburg, Kentucky, run by Answers in Genesis, the young-earth creationist organization run by Ken Ham, an Old Testament looking figure if ever there was one. I will be writing more about my experience in my monthly column in Scientific American (May 2009), but the highlight (also discussed in the column) was my interview with Dr. Georgia Purdom, the museum’s “research scientist” who explained what type of research one can do at a young-earth creationist organization, and why she thinks Francis Collins is wrong in his evolutionary understanding of the human genome.
The following letter was sent to me in response to my column in Scientific American (which generated hundreds of letters in response, so I penned the following response) in which I discussed the now-infamous (and infuriatingly counter-intuitive) probability problem called the Monty Hall Problem, or the Three Door Problem, in which a contestant chooses one of three doors, behind one of which is a car and the other two goats. Monty then reveals what’s behind one of the other doors (only ever showing a goat and never showing you your own door pick), which is always a goat, then asks if you want to change doors. Most people say it doesn’t matter because now it’s 50/50, but the correct answer is that you should always switch, which will give you a two-thirds chance of winning. There are simulations of the game online, but my correspondent took it upon himself to test the game with his own computer program. Here are his very interesting results, which also nicely show the scientific method at work: (continue reading…)
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