What is luck? The chances are you don’t really know, but you probably believe in it, and I bet you invoke the word every day of your life ... ‘Bad luck!’ ‘That was lucky!’ ‘You should be so lucky!’ ‘What a lucky escape!’– said with varying degrees of intensity, relief, sarcasm, amusement, incredulity or disgust. But what is luck? This book tries to determine what luck is, how it operates in our lives, and how far the individual is at its mercy – favoured by good luck or cursed by bad? Is there any justice or fair play in life, or are these merely human concepts that don’t exist in the laws governing the universe? Whatever you think you believe, by the time you have read this book, the odds are that you will have changed your mind. James M Killeen’s analysis ranges from Astrology to Zoroastrianism and everything in between: the big bang and the butterfly effect, destiny and determinism, fortune-telling and feng shui, gambling and game theory, miracles and Murphy’s Law, oracles and ordeals, philosophy and religion, precognition and the placebo effect, serendipity and synchronicity. A Matter of Luck is a highly readable yet thought-provoking work, interspersed with illuminating and amusing examples to illlustrate each facet of this fascinating subject: for example, the true stories of the man who broke the bank at Monte Carlo, King Umberto and the chef, James Dean’s car, and the woman who simultaneously chose the winning numbers for both the Massachusetts and Rhode Island lotteries (although the numbers she chose for the Rhode Island lottery were the winning numbers for the Massachusetts lottery, and vice versa). Lucky or unlucky – you decide, if you can.

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.

This is the first volume of its kind to provide a curated collection of cutting-edge scholarship on the philosophy of luck Offers an in-depth examination of the concept of luck, which has often been overlooked in philosophical study Includes discussions of luck from a range of philosophical perspectives, including ethics, epistemology, metaphysics, and cognitive science Examines the role of luck in core philosophical problems, such as free will Features work from the main philosophers writing on luck today

The concept of luck has played an important role in debates concerning free will and moral responsibility, yet participants in these debates have relied upon an intuitive notion of what luck is. Neil Levy develops an account of luck, which is then applied to the free will debate. He argues that the standard luck objection succeeds against common accounts of libertarian free will, but that it is possible to amend libertarian accounts so that they are no more vulnerable to luck than is compatibilism. But compatibilist accounts of luck are themselves vulnerable to a powerful luck objection: historical compatibilisms cannot satisfactorily explain how agents can take responsibility for their constitutive luck; non-historical compatibilisms run into insurmountable difficulties with the epistemic condition on control over action. Levy argues that because epistemic conditions on control are so demanding that they are rarely satisfied, agents are not blameworthy for performing actions that they take to be best in a given situation. It follows that if there are any actions for which agents are responsible, they are akratic actions; but even these are unacceptably subject to luck. Levy goes on to discuss recent non-historical compatibilisms, and argues that they do not offer a viable alternative to control-based compatibilisms. He suggests that luck undermines our freedom and moral responsibility no matter whether determinism is true or not.

As thinkers in the market for knowledge and agents aspiring to morally responsible action, we are inevitably subject to luck. This book presents a comprehensive new theory of luck in light of a critical appraisal of the literature's leading accounts, then brings this new theory to bear on issues in the theory of knowledge and philosophy of action.

Luck touches us all. "Why me?" we complain when things go wrong—though seldom when things go right. But although luck has a firm hold on all our lives, we seldom reflect on it in a cogent, concerted way. In Luck, one of our most eminent philosophers offers a realistic view of the nature and operation of luck to help us come to sensible terms with life in a chaotic world. Differentiating luck from fate (inexorable destiny) and fortune (mere chance), Nicholas Rescher weaves a colorful tapestry of historical examples, from the use of lots in the Old and New Testaments to Thomas Gataker’s treatise of 1619 on the great English lottery of 1612, from casino gambling to playing the stock market. Because we are creatures of limited knowledge who do and must make decisions in the light of incomplete information, Rescher argues, we are inevitably at the mercy of luck. It behooves us to learn more about it.