Let’s imagine two trees are
growing near to each other. Trees compete for sunlight and nutrition from soil
but one of the trees is growing a little bit faster than the other. It absorbs
more sunlight and more nutrition, one the next day; the bigger tree will absorb
more sunlight and more nutrition and grow taller. And soon the taller tree will
cover the most part of the area and no area for a slow growing tree. The taller
tree will produce fruits fast and ultimately gives more and fast seeds. The next
generation of trees will grow even more faster and ultimately will cover the
whole forest. It is called accumulative
advantage meaning the small advantage grows over time. How it is related to us
in real life? Let’s find out!
The winner gets everything
goes for people. We compete for the same money, respect, resources or everything
else. Such an effect, when a small difference in the return leads to a
disproportionate reward, is called the “Winner takes all”
effect. It is enough to have an advantage of only one percent, one second,
one dollar to get a 100% reward.
Any decisions related to limited resources, such as time and money, naturally
lead to a situation where the winner receives everything.
start winning at the smallest level you start gaining advantages, it adds up
and it makes you successful again and again.
The winner gets the most
gets everything” effect, characteristic for individual competitions, often
leads to the appearance of the “Winner gets the most” effect in other
areas of life. Having found himself in a profitable position (having won a gold
medal or having received a director’s chair), the winner begins to accumulate
advantages that help him win again and again. What was initially only a
small margin, now becomes more like a rule 20/80.
increases the chances of winning in the other. And each succeeding success
only strengthens the position of the winners. Over time, all the awards and
benefits are for those who at first slightly outperformed competitors and those
who have lagged behind remain almost with nothing.
difference in work with time can lead to an uneven distribution of
privileges. That’s why right habits are so important.
It is enough to surpass competitors only by 1%. But if you maintain your
advantage today, tomorrow, day by day, you will win over and over again due to
this advantage. And every victory will bring all the best results.
This is the rule of 1%. Do not need to be twice as good to get twice as
much. You need to put more effort into just 1%.