dimanche 11 mars 2018

WHY IS ISRAEL SO MUCH MORE INNOVATIVE THAN ITS NEIGHBOURS? ONE EXPLANATION

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From the BBC
The Dirty Secret of Success
We’re often reluctant to credit our good fortune purely to luck. We’d much rather put a material gain or positive outcome down to our brilliant intelligence, smarts, skills or hard work.
But if success is directly correlated to our ability, why do there seem to be so many rich people with mediocre talent? And why aren’t the smartest people in the world also the wealthiest?
A new paper authored by a team of Italian researchers, physicists Alessandro Pluchino and Andrea Raspisarda and economist Alessio Biondo, used a computer simulation of success defined by financial wealth to show that the most successful people in the world aren’t necessarily the most talented. They are the luckiest.

From Alessandro Puchino, one of the authors of the paper

“Were the most successful people also the most talented ones? That’s what we would expect… if we assume that we reward the most successful people because they are more talented or intelligent than other people, says physicist Pluchino.
“But we discovered that this is not the case. Instead, very often, the most successful people are moderately talented but very lucky.
“We discovered a strict correlation between luck and success. Encountering a series of lucky events was responsible for incredible success even if their individual talent was lower than super talented people.
“This is what we usually see around us in the real world. There are plenty of instances of people who we don’t consider particularly smart but in some way they reach a high level of wealth and success.”

Look at the people who have become Presidents or CEOs or started incredibly innovative companies (Facebook Google Amazon etc.), they are talented but there are hundreds of others equally talented in this world.
The incredible success story of the UBER ride share goes back to a rude Taxi driver in Paris who did not like the three Americans having fun and laughing after a night of partying in his taxi. The three Americans from SFO were friends were on the brink of launching something else but the rude Taxi driver of Paris reminded them that they needed polite drive share method and with Israeli technology (which is behind Google mapping as well) Uber was born.
Who has not heard of Sir Alexander Fleming and the discovery of Penicillin?
Israel is called the Start Up nation, with largest number of innovations coming out of a country so small in size and number and with incredibly limited finance and economical strain due to task of protecting its citizens from terrorists.
Why have not the Arab countries rich or poor, Libya or Egypt or Jordan or Saudi Arabia, Qatar or UAE come up with innovation, a fraction of what Israel has produced?
You cannot blame the Egyptians, whom I am sure are as talented as the Israelis or the Palestinians or Qataris for their lack of innovation.
There has to be something else?
I thought about this recently as I was being taken around a Start Up nurturing place in Haifa.
(IBM Haifa)

By exposing people to more fortunate events, you provide more opportunities for hidden talent to emerge in society - Andrea Raspisarda one of the authors of the paper

(Talent vs. Luck: the role of randomness in success and failure


At this particular institution that I visited in the city of Haifa, young innovators were given the ecology (ambience, technical help, expert counseling and networking) for trying out their ideas.


“Expose yourself to as many casual interactions and opportunities as possible,” says Pluchino. “It’s also true that if you will still need luck.
“But you probably won’t find lucky opportunities if you stay locked in your room.”
Social geography of your birth, talent, exposure and luck (this in a large dollop).
Good Luck to Israel.


I missed my Iranian friends so much, the country I would like Israel to make connections with (in the region) is IRAN and perhaps with broad minded leaders (or becoming) like Prince Mohammed Bin Sultan of Saudi or Emir Tamim of Qatar.
ISRAEL IS THE WAY OF THE FUTURE NOT ONLY FOR HE MIDDLE EAST BUT THE ENTIRE WORLD 

Pioneering British chemist Sir William Henry Perkin (1838-1907), the man who discovered the first artificial clothing dye entirely by accident, was born 180 years ago today.

The anniversary of this eminent Victorian and scion of the Industrial Revolution is commemorated in today's Google Doodle.  12 March 2018