Reply to "The ODDS of playing"

Originally Posted by PGStaff:

As far as having goals, what about those who want to be a MLB GM? There's only 30 of them. How about CEO of a fortune 500 company? How about the odds of becoming a multi-millionaire? Heck you want great odds? Look into the fast food industry!

There's been some good economics research done on the CEO thing, and the disparity between CEO compensation and the VP level that mostly concluded that the difference between them isn't talent as much as it's luck, and the enormous pay disparity exists in part because the VP level guys are irrationally pursuing the next level that few of them will ever reach in much the same way that people irrationally play the actual lottery. Wish I could remember where I read that, a quick Google turns up unrelated theories.

12/6/137:49 PM

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