How to optimize for luck
People often overlook the powerful role luck plays in shaping their lives.
Sure, hard work and grit count, but luck is the real game-changer.
The good news are that, like poker, you can optimize for luck and tilt the odds in your favor.
Here's how to optimize for Luck 🎲👇
Learn probability
To win with luck, you need to know when the odds are in your favor.
- Compare opportunities based on expected value.
- Operate under uncertainty with asymmetric strategies
- Improve at predicting future outcomes.
- The better you understand this, the smarter your bets.
- Have something to bet with
Even if you spot an amazing opportunity, it’s useless if you have nothing to wager. This doesn’t just mean money. It means time and availability.
Keep parts of your life open to change so you can seize big opportunities when they come.
Get used to making small bets with incomplete information
Great opportunities often come with incomplete information. The longer you take to makde a decision, the more likely they’ll disappear.
Experiment daily with low-stakes decisions like picking a restaurant without overthinking) to build this habit.
Play the long game
The results are never linear. Sometimes nothing happens for a while. But when your “overnight success” moment comes, you’ll know it was no accident.
Updated on 16 January 2025.
For the latest version, please see:
https://aroussi.com/print/how-to-optimize-for-luck