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by bcoates 4484 days ago
Lottery winners should be but they aren't, here's a pretty good article: http://bucks.blogs.nytimes.com/2012/12/03/a-financial-plan-f...
1 comments

I dislike people who conflate the median with the average ("It’s just not possible for 60 percent of the men in a room to be above-average drivers, unless you’re at a Nascar convention." -- it is certainly possible, its not possible for 60% to be better than the median driver, even if you are at a NASCAR convention.)
Depending on the number of people in the room, it might not be that unlikely for 60% to be above the global median, either. If there are three people, 100% are going to be above the median, 66% are going to be above the median, 66% are going to be below the median, or 100% are going to be below the median... All of those is more "dramatic" an outcome than 60%.