Nir And Far: Business, Behaviour and the Brain
Only People Who Believe in Luck Have It - Nir And Far
Jul 22, 2024
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.
10:34
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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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