Luck

Battling Hubris: The Perils of Success

Battling Hubris: The Perils of Success

Ascending to the top is a major accomplishment in any domain. But it could be argued that it is here that the greatest challenge begins. A number of teams have won the championship, but only a very small fraction are able to back up this success. Something about reaching the summit makes it less likely that those individuals will repeat the feat thereafter. Aside from the added motivation for opponents eager to knock the champions off their perch, the experience of success in itself serves to undermine our efforts and reduces the odds of subsequent success. With this post we take a deep dive into the paradoxical effects of success, identify what factors what should be vigilant for, and explore some potential countermeasures to increase our odds of sustaining success.