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Luck Determines Success: Uncontrollable Factor in Human Existence

The Machinations of Luck
Nicholas Rescher

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Luck is when something good or bad happens by chance. It's different from fate, which is based on your situation, and from fortune, which is based on your talent and hard work. Luck is beyond anyone's control. Luck can be measured by multiplying the chance of failure in a situation by the difference between a good and bad outcome. Luck is a key factor in our lives, whether in how we think, act, or make moral decisions.