I'm pretty sure this is the research report about how social influence determines which songs are likely to become hits:
https://www.princeton.edu/~mjs3/salganik_dodds_watts06_full....
Yes. Thank you.
Now, I am quite confident I have not uttered word "Piketty" anywhere else in any way (not from my mouth nor keyboard) in a long time. But now my Facebook feed is filled with advertisements to buy piketty's book. If this is not an anecdote, how do they do that?
But that does not hold in society. Preferences of people are highly dependent. If a singer has gotten praise from one person, it is more likely that s/he is getting praise from the next one as well (assuming these can share their preferences), and by more I mean more than what would be expected from singing talent alone. I am quite sure there was a social psychology research on specifically this example, how people rank music in groups, but for some reason I can't find it from google just now.
From the investment point of view, I think Piketty showed that larger investors seem to get better returns on their investments. You can debate causality, correlation and luck here probably endlessly, though.