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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.
From New York Times bestselling author and economics columnist Robert Frank, a compelling book that explains why the rich underestimate the importance of luck in their success, why that hurts everyone, and what we can do about it How important is luck in economic success? No question more reliably divides conservatives from liberals. As conservatives correctly observe, people who amass great fortunes are almost always talented and hardworking. But liberals are also correct to note that countless others have those same qualities yet never earn much. In recent years, social scientists have discovered that chance plays a much larger role in important life outcomes than most people imagine. In Success and Luck, bestselling author and New York Times economics columnist Robert Frank explores the surprising implications of those findings to show why the rich underestimate the importance of luck in success—and why that hurts everyone, even the wealthy. Frank describes how, in a world increasingly dominated by winner-take-all markets, chance opportunities and trivial initial advantages often translate into much larger ones—and enormous income differences—over time; how false beliefs about luck persist, despite compelling evidence against them; and how myths about personal success and luck shape individual and political choices in harmful ways. But, Frank argues, we could decrease the inequality driven by sheer luck by adopting simple, unintrusive policies that would free up trillions of dollars each year—more than enough to fix our crumbling infrastructure, expand healthcare coverage, fight global warming, and reduce poverty, all without requiring painful sacrifices from anyone. If this sounds implausible, you'll be surprised to discover that the solution requires only a few, noncontroversial steps. Compellingly readable, Success and Luck shows how a more accurate understanding of the role of chance in life could lead to better, richer, and fairer economies and societies.
For aspiring cricketer Ed Smith, luck was for other people. Ed believed that the successful cricketer made his own luck by an application of will power, elimination of error, and the relentless pursuit of excellence. But when a freak accident at the crease at Lords prematurely ended Ed Smith's international cricketing career, it changed everything - and prompted him to look anew at his own life through the prism of luck.Tracing the history of the concepts of luck and fortune, destiny and fate, from the ancient Greeks to the present day - in religion, in banking, in politics - Ed Smith argues that the question of luck versus skill is as pertinent today as it ever has been. He challenges us to think again about privilege and opportunity, to re-examine the question of innate ability and of gifts and talents accidentally conferred at birth. Weaving in his personal stories - notably the chance meeting of a beautiful stranger who would become his wife on a train he seemed fated to miss - he puts to us the idea that in life, luck cannot be underestimated: without any means of explaining our differing lots in life, the world without luck is one in which you deserve every ill that befalls you, where envy dominates and averageness is the stifling ideal. Embracing luck leads us to a fresh reappraisal of the nature of success, opportunity and fairness.
The first in a series with the makings of a modern classic, The Luck Uglies is an irresistible cross between Chris Colfer's Land of Stories series and Kelly Barnhill's The Girl Who Drank the Moon, overflowing with adventure, secrets, friendship, and magic. Rye O'Chanter has seen a lot of strange things happen in Village Drowning: Children are chased through the streets. Families are fined for breaking laws that don't even exist. Girls aren't allowed to read anymore, and certain books—books that hold secrets about Drowning's past—have been outlawed altogether. Now a terrifying encounter has eleven-year-old Rye convinced that the monstrous, supposedly extinct Bog Noblins have returned. Before the monsters disappeared, there was only one way to defeat them—the Luck Uglies. But the Luck Uglies have long since been exiled, and there's nobody left who can protect the village. As Rye dives into Drowning's maze of secrets, rules, and lies, she begins to question everything she's been told about the village's legend of outlaws and beasts . . . and what she'll discover is that it may take a villain to save them from the monsters. This critically acclaimed debut middle grade novel was named an ALA Notable Book and a New York Public Library Title for Reading and Sharing and won the Cybil Award for Middle Grade Speculative Fiction and a Sunshine State Young Readers Award.
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.
This book presents thirteen essays from a leading contemporary political scientist, with a substantial introduction bringing together the themes. The topics covered include political and social power, freedom, choice, rights, responsibility, the author's unique account of luck and systematic luck and the nature of leadership. There are also discussions of conceptual analysis, the structure-agency debate, luck egalitarianism, Sen's liberal paradox, problems in the measurement of freedom and choice and the differences between instrumental and intrinsic accounts of the value of freedom and related concepts. The wide-ranging material will provide an excellent text for students at all levels. It is appropriate reading for a host of courses in the fields of political science, political sociology and political theory at both undergraduate and graduate level. Whilst addressing some philosophically difficult and advanced subjects, the accessible writing makes the subject-matter comprehensible for all levels of students.
Have you ever wondered about luck? What is luck? Is it blind force that hits randomly and changes people’s lives for the better or worse? Is it rational energy with conscious purpose? Why hard work is a myth, and why your success depends to a large extent on your luck ? The Holy Book of Luck is ‘’fascinating’’ The first of its kind book challenging the outdated notion that hard work is the only way to success, it is NOT. The Author: A.Saed Alzein who is Harvard University certified sustainable Business Strategist and London Business School Certified Corporate Strategist, based in London, An Economist by study with substantial experience running different enterprises around the world, including prize competitions and luck related business has just published this mind-blowing book with all the old mantras being challenged and put to rest. He argues that luck plays a major role in your success, and you can’t do anything about it. The Holy Book of Luck is the book which takes you on a pleasant journey to really change your perspective forever about luck and hard work.
Creator and host of the podcast The Gratitude Diaries and New York Times bestselling author Janice Kaplan examines the phenomenon of luck--and discovers the exciting ways you can grab opportunities and make luck for yourself every day. After spending a year researching and experiencing gratitude for The Gratitude Diaries, Janice Kaplan is back to tackle another big, mysterious influence in all our lives: luck. And this time she's joined on her journey by coauthor Dr. Barnaby Marsh, a renowned academic who guides her exploration. Together they uncover the unexpected, little-understood science behind what we call "luck," proving that many seemingly random events are actually under your--and everyone's--control. They examine the factors that made stars like Harrison Ford and Jonathan Groff so successful, and learn the real secrets that made Kate Spade and Warby Parker into global brands. Using original research, fascinating studies, and engaging interviews, Kaplan and Marsh reveal the simple techniques to create luck in love and marriage, business and career, and health, happiness, and family relationships. Their breakthrough insights prove that all of us--from CEOs to stay-at-home moms--can tip the scales of fortune in our favor. Through a mix of scientific research, conversations with famous and successful people--from academics like Dan Ariely and Leonard Mlodinow to actor Josh Groban--and powerful narrative, How Luck Happens uncovers a fascinating subject in accessible and entertaining style.
Humanity has thrown everything we have at implacable luck-novel theologies, entire philosophical movements, fresh branches of mathematics-and yet we seem to have gained only the smallest edge on the power of fortune. The Myth of Luck tells us why we have been fighting an unconquerable foe. Taking us on a guided tour of one of our oldest concepts, we begin in ancient Greece and Rome, considering how Plato, Plutarch, and the Stoics understood luck, before entering the theoretical world of probability and exploring how luck relates to theology, sports, ethics, gambling, knowledge, and present-day psychology. As we travel across traditions, times and cultures, we come to realize that it's not that as soon as we solve one philosophical problem with luck that two more appear, like heads on a hydra, but rather that the monster is altogether mythological. We cannot master luck because there is nothing to defeat: luck is no more than a persistent and troubling illusion. By introducing us to compelling arguments and convincing reasons that explain why there is no such thing as luck, we finally see why in a very real sense we make our own luck, that luck is our own doing. The Myth of Luck helps us to regain our own agency in the world - telling the entertaining story of the philosophy and history of luck along the way.