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Luck Unraveled
Psychology

Luck Unraveled

The Science and Psychology of Fortune

by Elhadi Benkirane · 2024

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LUCK UNRAVELED The Science and Psychology of Fortune By Elhadi Benkirane

Introduction

The Mystery of Luck

Luck. For as long as humans have told stories, we have spoken of fortune and misfortune, of those who are blessed with good luck and those who seem cursed by fate. It is a concept woven into mythology, religion, and even our daily language. We wish each other luck before a big event, we carry lucky charms, and we instinctively hope for a stroke of good fortune when faced with uncertainty. But what exactly is luck?

It is easy to dismiss luck as mere randomness, but consider this: some people seem to be consistently lucky, while others live under an unshakable cloud of misfortune. There are individuals who are always in the right place at the right time, who make the right connections, who find opportunities where others see none.

This book explores one of the most fascinating and controversial questions in human psychology: Can luck be hacked? Can you train yourself to become luckier?

The Three Types of Luck

Not all luck is the same. In fact, it can be broken down into three distinct types:

Chance Luck: The purest form of randomness: winning the lottery, being struck by lightning, or being born into a wealthy family. This type of luck is entirely beyond our control.

Psychological Luck: The type of luck shaped by perception and belief. People who consider themselves lucky tend to make decisions that expose them to more opportunities, while those who see themselves as unlucky tend to reinforce negative patterns.

Engineered Luck: Luck that is actively created through deliberate actions. This includes behaviors like networking, being adaptable, taking strategic risks, and putting oneself in situations where opportunities are more likely to arise.

While Chance Luck is beyond our control, Psychological and Engineered Luck are entirely within our grasp.

Chapter 1

The Taxonomy of Fortune

There are three kinds of luck, and most people never distinguish between them, which is why most advice about luck is useless.

The first kind is Chance Luck. This is the luck of being born in a wealthy country rather than a poor one. Of not being on a particular flight. Of your business idea arriving in the market six months before a competitor rather than six months after. Chance Luck cannot be engineered. It can only be recognized and leveraged when it occurs.

The second kind is Psychological Luck. This is the luck that Wiseman was studying. It is produced by a set of cognitive and behavioral patterns that make their possessors more likely to notice opportunities, more likely to act on them, more likely to recover from setbacks, and more likely to build relationships that create further opportunities. Psychological Luck looks like Chance Luck from the outside but is systematically different. It can be developed.

The third kind is Engineered Luck. This is the most misunderstood because it most resembles what people call hard work. But Engineered Luck is distinct from hard work in a crucial way. Hard work applied in the wrong direction produces no luck at all. Engineered Luck is hard work applied with a specific understanding of how probability accumulates over time, how to create conditions for fortunate outcomes rather than waiting for them, and how to structure your life so that when Chance Luck does arrive, you have the capacity to use it.

Chapter 2

The Lucky Brain

The neuroscience of luck begins with attention.

Unlucky people miss things. Not because they are less intelligent or less observant, but because anxiety narrows attention. The evolutionary function of anxiety is to focus the brain on threat. When you are anxious, your visual field literally narrows. Your peripheral awareness contracts. You become very good at tracking the specific threat and very bad at noticing anything else.

Unlucky people are, as a population, more anxious than lucky people. This is not because their lives are objectively worse. It is often the opposite: the anxiety precedes the bad outcomes and contributes to them. The anxious brain, focused on the expected threat, misses the opportunity in the corner of the room.

Lucky people have, on average, lower ambient anxiety. This gives them broader attentional bandwidth. They notice more. They notice the person standing nearby who turns out to be a useful connection. They notice the byline on an article that leads to an idea. They notice the feeling that something is not quite right about a deal before the numbers confirm it.

This is not mystical. It is neurological. And it is changeable.

Chapter 3

The "Lucky vs. Unlucky" Experiment

British psychologist Richard Wiseman conducted a groundbreaking study that revealed something remarkable: people who believe they are lucky actually experience more luck because they behave differently.

Wiseman divided participants into two groups: people who believed they were lucky, and people who believed they were unlucky. He gave each person a newspaper and a simple task: "Count how many photographs are in this newspaper."

What they did not know was that Wiseman had planted a secret message in the newspaper, a massive ad in bold letters that read: "Stop counting. There are 43 photographs in this newspaper."

The results were stunning. The "lucky" people noticed the message almost immediately and completed the task in seconds. The "unlucky" people completely missed it. They were so focused on counting the photos that they never saw the message, and they spent far more time on the task.

The study showed that lucky people are more open, relaxed, and observant. They are more likely to notice opportunities, less likely to get stuck in rigid thinking, and more willing to take chances when they see something unusual.

Meanwhile, people who see themselves as unlucky tend to be more anxious and distracted, more likely to focus on negatives, and less aware of unexpected opportunities.

Chapter 4

Expanding the Probability Space

The most reliable way to become luckier is to increase the number of probabilistic encounters you have with the world.

Every meaningful opportunity in a human life, with very few exceptions, arrives through another person. The research on this is overwhelming and has been confirmed across cultures, economic systems, and time periods. Jobs, partners, ideas, investments, introductions, rescues, collaborations, all arrive through networks, and networks are probabilistic systems.

Most people manage their networks defensively: they maintain existing connections and add new ones only when they need something. This is rational in the short term and catastrophic for luck in the long term, because the connections that produce the most valuable opportunities are almost always the weak ones: the acquaintances, the people you know slightly, the people at the edge of your usual circle. Strong ties give you access to what you already have. Weak ties give you access to what you do not.

Chapter 5

The Setback Asymmetry

Lucky people are not people to whom bad things do not happen. They are people who process bad things differently.

Specifically, they are people who treat setbacks as temporary and specific rather than permanent and general. When an unlucky person loses a job, they are likely to interpret this as evidence that they are not good enough, that the economy is unfair, that this kind of thing always happens to them. Each of these interpretations is a generalization that extends the damage of the original event well beyond the event itself.

When a lucky person loses the same job, they are more likely to interpret it as: this particular job ended, for these particular reasons, and something else will begin. The interpretation is specific and temporary. It contains the damage.

This is not naive optimism. It is a practiced cognitive habit. And it can be learned.

Chapter 6

The Preparation Paradox

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Elhadi Benkirane

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