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People tend to ignore the role of luck in their achievements from "summary" of Fooled by Randomness by Nassim Nicholas Taleb
Many individuals fail to recognize the significant role that luck plays in their accomplishments. They attribute their success solely to their own skills, hard work, or intelligence, disregarding the element of chance that may have contributed to their achievements. This cognitive bias leads them to overestimate their abilities and underestimate the role of randomness in shaping their outcomes. When individuals achieve success, they often engage in retrospective thinking, constructing narratives that highlight their own efforts and abilities. They create a story that portrays them as the sole architects of their success, ignoring the role that luck may have played in their journey. This narrative becomes ingrained in their minds, reinforcing their belief in their own abilities and minimizing the role of external factors beyond their control. This tendency to downplay the role of luck in one's achievements is fueled by the human desire to maintain a sense of control and agency over their lives. Accepting the role of randomness in success can be unsettling, as it implies a lack o...
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