Wednesday, June 6, 2012

The Real Lucky Duckies

Unlike the Wall Street Journal's "lucky duckies" who don't make enough money to pay federal income taxes, Michael Lewis puts into words a good portion of the things I'd like to say here when he gave the Baccalaureate Address at Princeton University (h/t Big Picture):
Life's outcomes, while not entirely random, have a huge amount of luck baked into them. Above all, recognize that if you have had success, you have also had luck — and with  luck comes obligation. You owe a debt, and not just to your Gods. You owe a debt to the unlucky.
I make this point because — along with this speech — it is something that will be easy for you to forget.
I now live in Berkeley, California. A few years ago, just a few blocks from my home, a pair of researchers in the Cal psychology department staged an experiment. They began by grabbing students, as lab rats. Then they broke the students into teams, segregated by sex. Three men, or three women, per team. Then they put these teams of three into a room, and arbitrarily assigned one of the three to act as leader. Then they gave them some complicated moral problem to solve: say what should be done about academic cheating, or how to regulate drinking on campus.
Exactly 30 minutes into the problem-solving the researchers interrupted each group. They entered the room bearing a plate of cookies. Four cookies. The team consisted of three people, but there were these four cookies. Every team member obviously got one cookie, but that left a fourth cookie, just sitting there. It should have been awkward. But it wasn't. With incredible consistency the person arbitrarily appointed leader of the group grabbed the fourth cookie, and ate it. Not only ate it, but ate it with gusto: lips smacking, mouth open, drool at the corners of their mouths. In the end all that was left of the extra cookie were crumbs on the leader's shirt.
This leader had performed no special task. He had no special virtue. He'd been chosen at random, 30 minutes earlier. His status was nothing but luck. But it still left him with the sense that the cookie should be his.
This experiment helps to explain Wall Street bonuses and CEO pay, and I'm sure lots of other human behavior. But it also is relevant to new graduates of Princeton University. In a general sort of way you have been appointed the leader of the group. Your appointment may not be entirely arbitrary. But you must sense its arbitrary aspect: you are the lucky few. Lucky in your parents, lucky in your country, lucky that a place like Princeton exists that can take in lucky people, introduce them to other lucky people, and increase their chances of becoming even luckier. Lucky that you live in the richest society the world has ever seen, in a time when no one actually expects you to sacrifice your interests to anything.
All of you have been faced with the extra cookie. All of you will be faced with many more of them. In time you will find it easy to assume that you deserve the extra cookie. For all I know, you may. But you'll be happier, and the world will be better off, if you at least pretend that you don't.
The whole speech is a good read.  I agree with Lewis's point.  Maybe you do work as hard as you think you do, and maybe you've earned everything you've got.  Or maybe you've gotten where you are at not only by hard work, but by good fortune and the connection to your family and genetics and maybe a mentor who intervened in a positive way in your life.  Since you seem to be winning the game of life, consider erring on the side of humility, and maybe leave that last cookie for somebody else.  Also, consider giving somebody else the benefit of the doubt and don't assume they are in the place they are in because they practice too many vices, but instead maybe they are unlucky in genetics or opportunity.  It would probably make the world a better place.

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