Source and book recommendation:
Robert H. Frank: Success and Luck: Good Fortune and the Myth of Meritocracy
https://press.princeton.edu/books/hardcover/9780691167404/su...
> In recent years, social scientists have discovered that chance plays a much larger role in important life outcomes than most people imagine. In Success and Luck, bestselling author and New York Times economics columnist Robert Frank explores the surprising implications of those findings to show why the rich underestimate the importance of luck in success—and why that hurts everyone, even the wealthy.
Good summary in his article in The Atlantic:
https://www.theatlantic.com/magazine/archive/2016/05/why-luc...