Timeline for How can I determine if my stock picking performance was due to luck or due to skill?
Current License: CC BY-SA 4.0
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Jun 12, 2020 at 2:04 | comment | added | S Spring | This is not a situation of luck being most important but a situation of engagement in endeavor being most important. Skill is important because, for instance, there is a big difference between a 47% result and a 53% result. | |
Jun 12, 2020 at 2:00 | comment | added | S Spring | There are two different 1D coordinate-system number-lines. There is a number-line for skill and a different number-line for luck. For instance on the luck number-line, 0% skill sets a value of 100% luck while 50% skill sets a value of 50% luck. The number-line for skill is developed in the post. There is a relationship between the two number-lines. For instance, a 53% result is 3% skill and 97% luck. | |
Jun 12, 2020 at 0:13 | history | answered | S Spring | CC BY-SA 4.0 |