Luck is chance viewed through the spectacles of good or bad fortune. It’s really good news, at least for you, if you win the lottery, and it’s really bad news if you’re one of the passengers on the plane when it crashes. Chance, then, is the objective reality of random outcomes in the real world, while luck is a consequence of the subjective value you place on those random outcomes. Luck, we might say, is chance with a human face. Understanding this gives us a clearer view of reality, and a clearer view of reality means we can choose better courses of action.”