Wednesday, March 14, 2012

The Illusion of Understanding Success

"When trying to answer the question of what makes people successful the best response might be it’s impossible to know. Indeed, hard-work, intelligence and good genes certainly play a role. But the reality of Rowling’s story is that it is highly unlikely. Twelve out of twelve publishing houses rejected the book. In the years leading up to Harry Potter a number of things could have prevented Scholastic from purchasing the rights to her book. If it weren’t for little Alice Newton, the book may have never seen the light of day.

The true test of an explanation, as Kahneman also says, is whether it would have made the event predictable in advance. No story of Rowling’s unlikely success will meet that test, because no story can include all events that would have caused a different outcome. This being said, we will continue to explain Rowling’s story as if it was inevitable and predictable. We will always be obsessed with happy endings."

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