Index Of Luck By Chance π« π
Once a week, spend five minutes:
Tiny rituals compound like compound interest: attention begets opportunity. index of luck by chance
In academic science, the "luck index" appears as the p-value. A p-value of 0.05 means there is a 5% chance that your observed result happened by random luck. However, the replication crisis revealed that many scientists were misinterpreting this indexβtreating a low luck index as proof of causation, when it was merely proof of improbable chance. Once a week, spend five minutes:
If win: ILC = ( 1 \times 10^-7 ) β extremely lucky.
If lose: ILC = ( 1 - 10^-7 \approx 0.9999999 ) β not lucky (expected loss). Once a week
Pick a measurable outcome (e.g., batting average, stock return, exam score).