Simulating the emergence of superstar firms: The role of luck vs talent

A. E. Biondo, A. Pluchino, Roberto ZANOLA

Risultato della ricerca: Contributo su rivistaArticolo in rivistapeer review

Lingua originaleInglese
pagine (da-a)1-12
Numero di pagine12
RivistaPHYSICA. A
VolumeA644
Stato di pubblicazionePubblicato - 2024

Keywords

  • This paper explores the dynamics of superstar firms
  • creating a ’superstars’ landscape. The paper challenges this perspective
  • emphasizing the multifaceted nature of success and suggesting opportune policy strategies to foster true meritocracy.
  • introduced by Rosen’s seminal work on talent’s role in success. The traditional viewpoint posits that technological advancements drive market dominance by highly talented individuals
  • introducing luck as a crucial and overlooked factor in shaping the success of superstar firms. Using an agent-based model
  • luck also plays a significant role in the ’rich get richer’ phenomenon observed in superstar firms
  • the study simulates the emergence of superstars in twelve countries. The results suggest that while talent and technology are essential

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