| Field | Luck index high (e.g., 0.8) means | Luck index low (e.g., 0.2) means | |--------|--------------------------------|--------------------------------| | Investing | Returns mostly random; indexing beats stock picking | Skill matters; active management may work | | Medicine | Most positive trial results false positives | Real treatment effects dominate | | Hiring | Who gets promoted is nearly random | Performance reviews reflect ability |
Vikram auditions and wins the lead role, quickly rising to stardom. The Turning Point index of luck by chance
A common approach is: