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Robert Frank on The Role of Luck

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  • Economics and Finance
  • Behaviour change
  • Social brain

Watch economist Robert Frank in our latest RSA Spotlight - the edits which take you straight to the heart of the event!

The Role of Luck with Robert Frank. Is luck as important as hard work in becoming successful? In recent years, social scientists have discovered that chance plays a much larger role in important life outcomes than most people imagine. Good fortune and what may seem as trivial initial advantages often translate into guaranteed success over time. Influential economist Robert Frank argues that despite this, false beliefs about luck and personal success persist, and can often shape individual and political choices in harmful ways. 

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  • You may wish to correct the video here because Dr. Frank's lecture is cut-off before the seven minute mark. I'm sure the conclusion of his lecture was quite interesting but is not visible here.

    • Hi Alan, this is just the highlights video. You can listen to the full lecture here: https://soundcloud.com/the_rsa/luck-and-the-myth-of-meritocracy


      Hope you find it interesting! 

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  • Robert Frank on The Role of Luck

    Influential economist and New York Times columnist Robert Frank argues that it is vital that we gain a more accurate understanding of the role of chance if we are to create better, fairer economies and societies, and shows how inequality driven by chance can be mitigated by adopting relatively simple policy solutions.