Chance-driven

Describes a system, process, or event whose outcome is primarily determined by random occurrences or unpredictable factors rather than preordained plans, intentional actions, or controlled variables. It emphasizes the influence of luck, probability, and unexpected circumstances in shaping the final result. This can apply to fields like finance, scientific research, or even personal life, highlighting the significance of serendipity and unpredictability.

Chance-driven meaning with examples

• The stock market, often described as chance-driven, sees fortunes made or lost based on factors as varied as investor sentiment, global events, and even fleeting rumors. Understanding this volatility requires acknowledging the role of luck and unforeseen changes, even in the context of calculated risk and sound financial strategies.
• Early stage scientific research can often be chance-driven. The discovery of penicillin, for instance, was largely a result of an accidental observation, highlighting the importance of both serendipity and diligent investigation in the pursuit of knowledge and pushing scientific frontiers.
• A chance-driven encounter at a conference led to a lucrative business partnership. Despite careful planning, the success of the venture hinged significantly on that one unplanned interaction, showcasing how even meticulous strategizing can be impacted by fortuitous events.
• Many artists acknowledge a chance-driven element in their creative process. Whether it's an unexpected brushstroke, a random selection of colors, or even an accidental discovery, these random inputs can be critical turning points for their artistic creation, influencing the final product.