I came across a video on YouTube and the title really peaked my interest... "Why do underdogs do better in hockey than basketball?"
Being a big sports fan I watched the video intently. It was informative and interesting so I thought I would share it with you here.
Turns out the video was based off a book titled The Success Equation: Untangling Skill and Luck in Business, Sports and investing by Micheal J Mauboussin.
"Much of what we experience in life results from a combination of skill and luck." -- From the Introduction. The trick, of course, is figuring out just how many of our successes (and failures) can be attributed to each--and how we can learn to tell the difference ahead of time. In most domains of life, skill and luck seem hopelessly entangled. Different levels of skill and varying degrees of good and bad luck are the realities that shape our lives--yet few of us are adept at accurately distinguishing between the two. Imagine what we could accomplish if we were able to tease out these two threads, examine them, and use the resulting knowledge to make better decisions. (Source: Harvard Business Review)
The book even has its own website with games and simulations you can play on there. Check it out here.
Here is the video that caught my eye. It makes sense to me that although hockey is a game of great diverse skill, the somewhat unpredictability of that frickin' puck can bring more luck into the outcome. The book also takes into account sample size and the dynamics of each sport. Its an interesting watch.
Please give it a watch and let us know what you think. I'm ordering the book today. :-)