The Economic of Luck video analysis
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The Economic of Luck video analysis
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Watch the video about “The Economic of Luck” https://www.youtube.com/watch?v=4smxz38IHRA&t=907s and answer the question.
Robert Frank Study Questions
- What role does luck play in success?
- Why do people notice bad luck more than good luck? What is meant by the phrase “hindsight bias”?
- Why is the Mona Lisa famous?
- What role did the “bandwagon effect” play in the music ranking experiment?
- What does Frank mean by “winner take all” society?
- What is the importance of gratitude?
- According to Frank, how would raising marginal tax rates on the rich affect their ability to acquire desired goods and services?
What does Frank mean when he compares a “Porsche” society and a “Ferrari” society?
