<
https://www.technologyreview.com/s/610395/if-youre-so-smart-why-arent-you-rich-turns-out-its-just-chance/>
"The most successful people are not the most talented, just the
luckiest, a new computer model of wealth creation confirms. Taking that
into account can maximize return on many kinds of investment."
Note the conclusions:
The team studied three models, in which research funding is distributed
equally to all scientists; distributed randomly to a subset of
scientists; or given preferentially to those who have been most
successful in the past. Which of these is the best strategy?
The strategy that delivers the best returns, it turns out, is to divide
the funding equally among all researchers. And the second- and
third-best strategies involve distributing it at random to 10 or 20
percent of scientists.
This is broadly applicable, and another important argument in favour of
Universal Basic Income. If you distribute income equally, you maximise
the chance of people who are lucky being able to take advantage of their
good fortune and miminise the negative impact on people who are unlucky.
The paper is at:
https://arxiv.org/pdf/1802.07068v2.pdf
(Thanks Satyr Icon)
Via Jure Repinc.
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://www.xanadu.com.au/ Chief Scientist, Xanadu
http://www.glasswings.com.au/ Partner, Glass Wings
http://www.sericyb.com.au/ Manager, Serious Cybernetics
