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The Natural Resources Trap
We study the correlation between a belief concerning individualism and a measure of luck in the US during the period 1983-2004. The measure of beliefs is the answer to a question related to whether the poor should be helped by the government or if they should help themselves, while the measure of luck is the share of the oil industry in the state's economy multiplied by the price of oil. The correlation is negative, suggesting that more reliance on luck is correlated with less individualism. Wedoi:10.7551/mitpress/9780262013796.003.0006 fatcat:4buvuq2unnfvdp33ifucbblneu