Part 6/11:
The role of luck becomes starkly evident in highly competitive scenarios, such as selections for NASA’s astronaut program. Out of over 18,300 applicants, only 11 were selected—a painful reality for the vast majority who worked tirelessly yet went unnoticed. A toy model illustrating this selection process underscored the importance of luck: luck, even accounting for a small percentage of the selection criteria, dramatically shifts the outcomes, with truly talented individuals being bypassed.