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by lisper 3029 days ago
> But if you keep rolling the dice again and again and again, you're eventually going to get a good roll

No, this is a pernicious myth. A lot of people roll again and again and never get a good roll. Rolling the economic dice takes a lot of time. You can reasonably expect to get maybe 10 rolls before you age out. Even if the odds of success on each roll were 1 in 10 you'd still have a LOT of people (about a third actually) never getting a good roll. And the actual odds are considerably worse than 1 in 10.

1 comments

It's not at all a myth. Donate your video game console to Goodwill, get yourself educated, get out and try, and your odds increase enormously.
> get out and try, and your odds increase enormously.

That is true, of course, but increase relative to what? There is huge variance in the baselines, starting with, for example, whether you live in the U.S. or, say, Bangladesh.