In simple, non-technical language, this volume explores the fundamentals governing chance and applies them to sports, government, and business. Topics includenbsp;the theory of probability in relation to superstitions, betting odds, warfare,nbsp;social problems, stocks, and other areas. "Clear and lively ...nbsp;remarkably accurate." —Scientific Monthly.

Winner, 2023 William James Book Award, American Psychological Association Division 1 in General Psychology Most of us, no matter how rational we think we are, have a lucky charm, a good-luck ritual, or some other custom we follow in the hope that it will lead to a good result. Is the idea of luckiness just a way in which we try to impose order on chaos? Do we live in a world of flukes and coincidences, good and bad breaks, with outcomes as random as a roll of the dice—or can our beliefs help change our luck? What Are the Chances? reveals how psychology and neuroscience explain the significance of the idea of luck. Barbara Blatchley explores how people react to random events in a range of circumstances, examining the evidence that the belief in luck helps us cope with a lack of control. She tells the stories of lucky and unlucky people—who won the lottery multiple times, survived seven brushes with death, or found an apparently cursed Neanderthal mummy—as well as the accidental discoveries that fundamentally changed what we know about the brain. Blatchley considers our frequent misunderstanding of randomness, the history of luckiness in different cultures and religions, the surprising benefits of magical thinking, and many other topics. Offering a new view of how the brain handles the unexpected, What Are the Chances? shows why an arguably irrational belief can—fingers crossed—help us as we struggle with an unpredictable world.

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.

Probability and statistics impinge on the life of the average person in a variety of ways OCo as is suggested by the title of this book. Very often, information is provided that is factually accurate but intended to present a biased view. This book presents the important results of probability and statistics without making heavy mathematical demands on the reader. It should enable an intelligent reader to properly assess statistical information and to understand that the same information can be presented in different ways.

Jeffrey S. Rosenthal, author of the bestseller Struck by Lightning: The Curious World of Probabilities, was born on Friday the thirteenth, a fact that he discovered long after he had become one of the world’s pre-eminent statisticians. Had he been living ignorantly and innocently under an unlucky cloud for all those years? Or is thirteen just another number? As a scientist and a man of reason, Rosenthal has long considered the value of luck, good and bad, seeking to measure chance and hope in formulas scratched out on chalkboards. In Knock on Wood, with great humour and irreverence, Rosenthal divines the world of luck, fate and chance, putting his considerable scientific acumen to the test in deducing whether luck is real or the mere stuff of superstition.

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.