What's Luck Got to Do with It?

Author: Joseph Mazur
Publisher: Princeton University Press
ISBN: 1400834457
Category : Mathematics
Languages : en
Pages : 297

Book Description
The hazards of feeling lucky in gambling Why do so many gamblers risk it all when they know the odds of winning are against them? Why do they believe dice are "hot" in a winning streak? Why do we expect heads on a coin toss after several flips have turned up tails? What's Luck Got to Do with It? takes a lively and eye-opening look at the mathematics, history, and psychology of gambling to reveal the most widely held misconceptions about luck. It exposes the hazards of feeling lucky, and uses the mathematics of predictable outcomes to show when our chances of winning are actually good. Mathematician Joseph Mazur traces the history of gambling from the earliest known archaeological evidence of dice playing among Neolithic peoples to the first systematic mathematical studies of games of chance during the Renaissance, from government-administered lotteries to the glittering seductions of grand casinos, and on to the global economic crisis brought on by financiers' trillion-dollar bets. Using plenty of engaging anecdotes, Mazur explains the mathematics behind gambling—including the laws of probability, statistics, betting against expectations, and the law of large numbers—and describes the psychological and emotional factors that entice people to put their faith in winning that ever-elusive jackpot despite its mathematical improbability. As entertaining as it is informative, What's Luck Got to Do with It? demonstrates the pervasive nature of our belief in luck and the deceptive psychology of winning and losing. Some images inside the book are unavailable due to digital copyright restrictions.

What's Luck Got to Do with It?

Author: Edward D. Kleinbard
Publisher: Oxford University Press
ISBN: 0190943599
Category : Political Science
Languages : en
Pages : 321

Book Description
The American dream of equal opportunity is in peril. America's economic inequality is shocking, poverty threatens to become a heritable condition, and our healthcare system is crumbling despite ever increasing costs. In this thought-provoking book, Edward D. Kleinbard demonstrates how the failure to acknowledge the force of brute luck in our material lives exacerbates these crises leading to warped policy choices that impede genuine equality of opportunity for many Americans. What's Luck Got to Do with It? combines insights from economics, philosophy, and social psychology to argue for government's proper role in addressing the inequity of brute luck. Kleinbard shows how well-designed public investment can blunt the worst effects of existential bad luck that private insurance cannot reach and mitigate inequality by sharing the costs across the entire risk pool, which is to say, all of us. The benefits, as Kleinbard shares in a wealth of data, are economic as well as social a more inclusive economy, higher national income, and greater life satisfaction for millions of Americans. Like it or not, our lives and opportunities are determined largely by luck. Kleinbard shows that while we can't undo every instance of misfortune, we can offer a path to not just a fairer America, but greater economic growth, more broadly shared.

What's Luck Got to Do with It?

Author: Diana Mylek
Publisher: Diana Mylek
ISBN: 1452355495
Category : Fiction
Languages : en
Pages : 255

Book Description
When a mild mannered preacher returns from Las Vegas with a jackpot and a new wife, odds are there is much more to the story! Trevor's mission of mercy goes awry when he drops a quarter into a slot and wins more than he bargained for. Has he fallen from grace? What happened in those lost hours? How can any of this possibly be God's plan?

The Luck Factor

Author: Richard Wiseman
Publisher: Miramax Books
ISBN: 9781401359416
Category : Self-Help
Languages : en
Pages : 0

Book Description
Is luck just fate, or can you change it? A groundbreaking new scientific study of the phenomenon of luckand the ways we can bring good luck into our lives. What is luck? A psychic gift or a question of intelligence? And what is it that lucky people have that unlucky people lack? Psychologist Dr. Richard Wiseman put luck under a scientific microscope for the very first time, examining the different ways in which lucky and unlucky people think and behave. After three years of intensive interviews and experiments with over 400 volunteers, Wiseman arrived at an astonishing conclusion: Luck is something that can be learned. It is available to anyone willing to pay attention to the Four Essential Principles: . Creating Chance Opportunities . Thinking Lucky . Feeling Lucky . Denying Fate Readers can determine their capacity for luck as well as learn to change their luck through helpful exercises that appear throughout the book. Illustrated with anecdotes from the lives of the famous such as Harry Truman and Warren Buffett, The Luck Factor also richly portrays the lives of ordinary people who have been extraordinarily lucky or unlucky. Finally Dr. Wiseman gives us a look into "The Luck School" where he instructs unlucky people and also teaches lucky people how to further enhance their luck. Smart, enlightening, fun to read, and easy to follow, The Luck Factor will give you revolutionary insight into the lucky mind and could, quite simply, change your life.

Conscious Luck

Author: Gay Hendricks, PH.D.
Publisher: St. Martin's Essentials
ISBN: 1250622956
Category : Self-Help
Languages : en
Pages : 145

Book Description
Change Your Luck and Live a Charmed Life! What if you could create your own luck? What if living a charmed life—being lucky in love, lucky in money, lucky in your chosen work—was within your control? The good news is that it’s all entirely possible...when you know how! In Conscious Luck, New York Times bestselling authors Gay Hendricks and Carol Kline share eight Secrets that will allow you to intentionally change your fortune. Instead of hoping and wishing that luck will come your way, let Conscious Luck show you how to seize control of your destiny and create the dazzling life of your dreams. This powerful step-by-step program, which includes practical techniques, inspiring true stories, and the authors’ personal journeys, will lead you to greater freedom and abundance. The Secrets—four core shifts and four daily practices—teach you how to: · plant the seeds of luck in your own psyche · remove unlucky programming (including lifting “curses”) · move at your Essence Pace · practice Radical Gratitude, and much more. Based on decades of the authors’ trailblazing work, this unique and highly effective toolkit offers a surefire way to transform your life.

The Success Equation

Author: Michael J. Mauboussin
Publisher: Harvard Business Press
ISBN: 1422184234
Category : Business & Economics
Languages : en
Pages : 312

Book Description
In this provocative book, Michael Mauboussin offers the structure needed to analyze the relative importance of skill and luck, offering concrete suggestions for making these insights work to your advantage by making better decisions.

What the Luck?

Author: Gary Smith
Publisher: Duckworth
ISBN: 9780715652657
Category : Business & Economics
Languages : en
Pages : 0

Book Description
We underestimate the importance of luck in our lives. We think too highly of the golfer who wins the British Open and, if he loses the next tournament, we speculate that he slacked off. Although the winner is surely an excellent golfer, good luck in how the ball bounced and how it rolled afterwards outside of the golfer's control also played an important role. An insufficient appreciation of chance can wreak all kinds of mischief not only in sports, but also education, medicine, business, politics and elsewhere. Perfectly natural, random variation can lead us to attach meaning to the meaningless. Freakonomics showed how economic calculations can explain seemingly counter-intuitive decision-making. Thinking, Fast and Slow, helped readers identify a host of small cognitive errors that can lead to miscalculations and irrational thought. In What the Luck? statistician and author, Gary Smith, sets himself a similar goal, and explains - in clear, understandable, and witty prose - how a statistical understanding of luck can change the way we see just about every aspect of our lives.

Go Luck Yourself

Author: Andy Nairn
Publisher: Harriman House Limited
ISBN: 0857198890
Category : Business & Economics
Languages : en
Pages : 221

Book Description
Luck is a four-letter-word in business circles. But the truth is that fortune plays a part in every success story – and every failure. In Go Luck Yourself, one of the world’s leading brand strategists explains how a hunting trip led to the invention of VELCRO®. How a little mermaid inspired a famous campaign for Amazon. How a stolen rabbit spurred on Walt Disney. And more importantly, how you can stack the odds in your brand’s favour. Andy Nairn draws on everything from architecture to zoology, as well as almost 30 years working with some of the most successful companies on the planet, to provide a series of thought-provoking strategies that will help anyone responsible for building a brand. He’ll show you how to uncover your organisation’s hidden treasures. How to spot opportunities in unexpected places. How to turn misfortune into good fortune. And how to practise being lucky, every day. Written in a very accessible and entertaining style, this is the book you need to improve your brand’s fortunes, in these turbulent times. Now Go Luck Yourself…

The Thing About Luck

Author: Cynthia Kadohata
Publisher: Simon and Schuster
ISBN: 1416918825
Category : Juvenile Fiction
Languages : en
Pages : 279

Book Description
Just when 12-year-old Summer thinks nothing else can possibly go wrong in a year of bad luck, an emergency takes her parents to Japan, leaving Summer to care for her little brother while helping her grandmother cook and do laundry for harvest workers. Illustrations.

The Serendipity Mindset

Author: Christian Busch
Publisher: Penguin
ISBN: 0593086023
Category : Business & Economics
Languages : en
Pages : 386

Book Description
Good luck isn’t just chance—it can be learned and leveraged—and The Serendipity Mindset explains how you can use serendipity to make life better at work, at home—everywhere. Many of us believe that the great turning points and opportunities in our lives happen by chance, that they’re out of our control. Often we think that successful people—and successful companies and organizations—are simply luckier than the rest of us. Good fortune—serendipity—just seems to happen to them. Is that true? Or are some people better at creating the conditions for coincidences to arise and taking advantage of them when they do? How can we connect the dots of seemingly random events to improve our lives? In The Serendipity Mindset, Christian Busch explains that serendipity isn’t about luck in the sense of simple randomness. It’s about seeing links that others don’t, combining these observations in unexpected and strategic ways, and learning how to detect the moments when apparently random or unconnected ideas merge to form new opportunities. Busch explores serendipity from a rational and scientific perspective and argues that there are identifiable approaches we can use to foster the conditions to let serendipity grow. Drawing from biology, chemistry, management, and information systems, and using examples of people from all walks of life, Busch illustrates how serendipity works and explains how we can train our own serendipity muscle and use it to turn the unexpected into opportunity. Once we understand serendipity, Busch says, we become curators of it, and luck becomes something that no longer just happens to us—it becomes a force that we can grasp, shape, and hone. Full of exciting ideas and strategies, The Serendipity Mindset offers a clear blueprint for how we can cultivate serendipity to increase innovation, influence, and opportunity in every aspect of our lives.