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The Deceptions of Luck

Luck and Our Perception On Life

Being lucky or unlucky often is our own perception and outlook towards life.

If we survive a car accident, we consider ourselves lucky to be alive or to be unlucky to be involved in the accident in the first place, ruining our vehicle.

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IDEA EXTRACTED FROM:

The Deceptions of Luck

The Deceptions of Luck

http://nautil.us/issue/44/luck/the-deceptions-of-luck

nautil.us

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Key Ideas

Luck And Chance

Like the flip of a coin coming up with heads or tails, chance is what happens out there, and is an aspect of the physical universe. Luck, on the other hand, is a perceived value of the ‘chance’ outcome.

It is our subjective reality of a good or bad fortune, imposed over the objective reality of the final result or consequence. The chance event is the same, and people see it as lucky or unlucky.

Getting Luckier

People try to change the chance outcomes, and thereby their luck by using blind superstition or old ritual to affect the outcome, but there is no evidence of them working.

Luck can be increased with hard work, though what can happen out there is still anybody’s guess. The prepared mind that is able to act with speed and direction has more favourable chances than the one who is not paying attention.

Luck and Our Perception On Life

Being lucky or unlucky often is our own perception and outlook towards life.

If we survive a car accident, we consider ourselves lucky to be alive or to be unlucky to be involved in the accident in the first place, ruining our vehicle.

If We Give Ourselves Lots of Chances To Win, Our Luck Increases

  • One of the first preparations is to increase the odds of winning by participating in a bigger or better way. The logic is that if we don’t buy the lottery ticket, we are sure we won’t win the one million lottery prize, but if we buy one ticket, our odds of winning have now increased. If we buy more tickets, the odds are more in our favour.
  • The law of truly large numbers takes the odds calculation to the extreme and increases the number of chances to win to such a degree that winning becomes inevitable. Example: By increasing the number of positions we apply to, we increase the odds of landing an interview and an eventual job offer.

Designing Luck

  • Being ready to seize an opportunity when it comes, able to see the links, networks, and relationships that others do not is one of the major factors to increase one’s own luck.
  • Being a positive, outgoing person, getting exposed to new people and ideas, makes one’s mind prepared for opportunities for positive things to happen.

Binary Luck

If the result is binary, like a flip of a coin or the stock market going up or down, we can work towards both the possibilities, and get into the playing field where we are in control of both the outcomes.

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Winning A Lottery
Winning A Lottery

Human beings are not wired to grasp the concept of probability. A chance of winning a lottery, sometimes 1 in 175 million, is not something that bothers us.

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The Steady Appeal of The Lottery

The steady appeal of the lottery is due to various psychological tricks by the marketers: suspension of logic and reason and the dreams that it sells.

Using the variable rewards concept of psychology, the marketers ensure that people keep buying their tickets for years, by introducing smaller wins with much better odds. This helped lottery buyers experience the thrill of a win.

Playing the Lottery for Entertainment

The odds to win are so small that winning does not even feature in our decision matrix of buying a ticket. The game of lottery isn’t played on logic, or for investment, but for entertainment.

For as little as two dollars, a person dreams of getting a chance to win thousands of dollars, and that dream is worth the price of the ticket. The bigger the jackpot is, the more the dreams are fed.

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Be social

Put yourself out there and meet more people, because people bring connections and connections bring opportunity.

Also, keep in touch with your established relationships.

Visualize

If you have a goal in mind, imagine the stepping stones to your success. Seeing each detail in the path to success is key.

Help others

Lucky people give freely of their time and resources.

Giving reminds us of how lucky we already are. 

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Maximize Opportunities

Lucky people do not wait for things to happen to them. They take notice and act upon the opportunities that they find.

Listen With Your Gut

Lucky people act on their intuitions across many areas of their lives.

Intuition is when your body and brain have detected a pattern before you have deliberately considered it.

Expect Good Fortune

You are more likely to be successful if you are optimistic about your opportunities. 

When you think things will work out, you are more apt to persevere. You are also open to new opportunities.

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