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Nir And Far: Business, Behaviour and the Brain
Only People Who Believe in Luck Have It - Nir And Far
Jul 22, 2024
10:34
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Richard Branson, an adrenaline junkie who attributes his success to luck, discusses how belief in luck makes us bolder and better. He shares his experiences surviving near-death situations and emphasizes the balance of luck belief and hard work for creating opportunities.
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Quick takeaways
- Belief in luck boosts self-efficacy and motivation in task performance.
- Balancing internal and external locus of control is crucial for psychological well-being and success.
Deep dives
Impact of Belief in Luck on Self-Efficacy
Belief in luck can significantly influence self-efficacy levels. A study by James Sly demonstrated that individuals with a strong belief in luck showed enhanced confidence in their abilities. The study involved participants predicting coin toss outcomes and engaging in a mentally challenging puzzle task. Those who believed in luck and received descending feedback performed better on tasks, set higher goals, and dedicated more time to them. This suggests that a belief in luck can boost self-efficacy and motivation, influencing task performance positively.
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