Good luck implies comparison with a worse counterfactual outcome, whereas b
ad luck implies upward comparisons. People will accordingly describe themse
lves as particularly lucky after recollecting situations where they, avoide
d something negative, and as particularly unlucky after recollecting episod
es in which they missed something positive (Study 1). Upward and downward c
omparisons can be created by, the way a situation develops, and are accentu
ated by the way a story is told. Good luck stories typically change for the
better only in the last stage, whereas bad luck stories show a more steady
downward progression (Study 2). This is also reflected in phrases believed
to be characteristic of good luck versus bad luck stories, with good luck
stories involving surprise and reference to close counterfactuals, whereas
bad luck stories focus on initial normal events (Study 3). Good and bad luc
k imply different orders of events (negative-positive versus positive-negat
ive), so by rearranging the narrative sequence, the same set of outcomes ca
n form the basis for a good luck story as well as a bad luck story (Study 4
). The final experiment (Study 5) shows that negative outcome expectations
are typical for chance-determined and uncontrolled situations. Under such c
ircumstances, factual outcomes do not have to be exceptionally good to be c
onsidered as lucky. Copyright (C) 1999 John Wiley & Sons, Ltd.