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alphas by luck alone. Our approach precisely separates funds into (1) unskilled, (2) zero-alpha, and (3) skilled funds, even …
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We report a series of experiments investigating the influence of feeling lucky or unlucky on people's choice of known-risk or ambiguous options using the traditional Ellsberg Urns decision-making task. We induced a state of feeling lucky or unlucky in subjects by using a rigged wheel-of-fortune...
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impacts negatively on productivity only when the prize at stake is big enough. Responses to luck are more persistent and …
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How much of entrepreneurial performance is sheer luck compared to talent, experience, education, and hard work? We … define luck as unexpected performance and look for an answer in a large survey of entrepreneurs. Accordingly, luck ranks last … is unaffected by past performance and many personality traits, including self-attribution and illusion of control. Luck …
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