[Daynarr]

Twan is right. You can get bad events even with luck or neutral scales. Luck only increases chances of getting good events but you still can get bad ones and they are devastating so early in game (getting big unrest on turn 2 for example). Misfortune still has big effect later on, not only for frequency and type of events received but for severity of them as well. For example, barbarian hordes and knights that invade your provinces are significantly larger on higher misfortune scales. Master thief event is also dependant on misfortune scale, etc.