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The Deceptions of Luck
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.
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Key Ideas
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.
The Lottery ti...
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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Key Ideas
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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Key Ideas
Maximize Opportunities
Lucky people do not wait for things to happen to them.
They take notice and act upon the opportunities that they find.
Luck and Intuition
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.