USA Today has this excellent article by Jerry Coyne, Professor of Evolution at the University of Chicago. Prof. Coyne’s explanation mirrors my own, however he is much more elegant. His conclusion:

There’s not much downside to abandoning the notion of free will. It’s impossible, anyway, to act as though we don’t have it: you’ll pretend to choose your New Year’s resolutions, and the laws of physics will determine whether you keep them. And there are two upsides. The first is realizing the great wonder and mystery of our evolved brains, and contemplating the notion that things like consciousness, free choice, and even the idea of “me” are but convincing illusions fashioned by natural selection. Further, by losing free will we gain empathy, for we realize that in the end all of us, whether Bernie Madoffs or Nelson Mandelas, are victims of circumstance — of the genes we’re bequeathed and the environments we encounter. With that under our belts, we can go about building a kinder world.

Of course, I’d argue that the benefits are much greater – the absence of fear, guilt, anxiety, anger and worry.