How people react to positive or negative outcomes in their lives or in the lives of others depends on a complex array of variables. This article focuses on some of these variables, especially a person's status along dimensions of achievement and self-worth, and whether positive or negative outcomes are perceived to be deserved or undeserved. How do emotional reactions to outcomes, especially schadenfreude or pleasure in another's misfortune, relate to these status variables? And what is the influence of perceived deservingness?