Ultimately, it comes down to luck

Friday, May 24th, 2024

Troubled by Rob HendersonWhile working as a summer research assistant at Stanford, Rob Henderson explains (in Troubled), he discovered another pernicious luxury belief:

I asked a housemate who was working on a start-up how he’d gotten into Stanford and what steps he was taking to build his company.

He paused for a moment and then said, “Ultimately, it comes down to luck.”

As soon as he said that, it occurred to me that this mind-set is pervasive at Yale as well — far more common than among the people I grew up around or the women and men I served with in the military. Many of my peers at Yale and Stanford would work ceaselessly. But when I’d ask them about the plans they’d implemented to get into college, or start a company, or land their dream job, they’d often suggest they just got lucky rather than attribute their success to their efforts.

[…]

A 2019 study found that people with high income and social status are the most likely to attribute success to mere luck rather than hard work.

Both luck and hard work play a role in the direction of our lives, but stressing the former at the expense of the latter doesn’t help those at or near the bottom of society. If disadvantaged people come to believe that luck is the key factor that determines success, then they will be less likely to strive to improve their lives. One study tracked more than six thousand young adults in the US at the beginning of their careers over the course of two decades, and found that those who believed that life’s outcomes are due to their own efforts as opposed to external factors became more successful in their careers and went on to attain higher earnings.

[…]

“If your sister asked you how to get into Stanford or start a company, would you shrug and say ‘I just got lucky’ or would you explain whatever it was that you actually did — ‘You have to study, sacrifice, work on the weekends, or whatever’?”

He rolled his eyes before replying, “Yeah, I get it.”

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