It is often assumed that all lucky events are significant. The thought is that a chancy event such as winning the lottery is lucky for you in part because it affects your interests or well-being. But whether you win an Absurdist Raffle in which there are no prizes, is, intuitively, not a matter of luck. This is because this event—even if chancy—is not significant for any subject. However, a few philosophers have recently claimed not only that luck does not necessarily (...) involve a significance condition but that we should not view luck involving claims in terms of significance. After reviewing the literature on this topic, I argue that lucky events are significant. A significance condition is necessary to distinguish between different kinds of luck: practical, epistemic, and moral. All lucky events are significant and chancy, but they can be significant for subjects in different ways. For example, an event is epistemically lucky for you if it is epistemically significant and chancy, but such events need not affect your practical interests or moral standing. Furthermore, I argue that events that are chancy but not significant should be thought of in terms of chance and not luck. (shrink)

Steven Hales and Jennifer Johnson—building off their (2014) work as well as Hales (2015, 2016)—have recently conducted two studies in Philosophical Psychology (2018) that show that there is a relationship between optimism and folk assessments of luck. Hales and Johnson use these results to argue that there is no such thing as luck. Instead, they claim that the concept is highly subjective and a cognitive illusion and that what we are in need of is an error theory. After reviewing Hales (...) and Johnson’s position, I levy four objections against their view. First, they ignore the fact that luck involves a chanciness condition. Second, their standards for what it means to be a useful philosophical theory are too high. Third, their view ignores the fact that there are various accounts of value in the literature and assumes a kind of relativism that few people would be willing to accept. Lastly, their error theory is not supported by the empirical evidence. Because of these problems, Hales and Johnson’s argument is not a serious threat to extant accounts of luck. (shrink)