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A limit to qualitative models is that they cannot show multiplicative effects. A famous example is the formula for successful people (see also M. Gladwell's "Outliers"). According to this our success is the multiplication of hard work, talent and luck. No luck, no success. Little talent, little success despite all effort and even luck. 

Similar argumentation:  http://www.greattransition.org/publication/whats-luck 

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