Activities where the best performer almost always wins. Examples include running races, swimming, and chess.
Activities where individual effort has no impact on the outcome. Examples include lotteries and roulette. The Success Equation: Untangling Skill and Luck...
Most of life's competitive arenas—business, investing, and team sports like hockey or football—sit somewhere in the middle. The "Losing on Purpose" Test Activities where the best performer almost always wins