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Skill vs luck: who really deserves the rewards from success?

  • Written by Lionel Page, Professor in Economics, Queensland University of Technology
How much is success down to skill or just a lucky break?Shutterstock/Sergey Nivens

Which is more important when it comes to rewarding success: that the achievement was earned through skill, or that it came courtesy of a lucky break?

Take football (soccer), for example, where the aim (like most games) is to score more goals than your opponent. What...

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