Just Luck - An Experimental Study of Risk Taking and Fairness, 2007

Choices involving risk significantly affect the distribution of income and wealth in society. "Just Luck - An Experimental Study of Risk Taking and Fairness, 2007" reports the results of the first experiment (to the researchers`knowledge) to study fairness views about risktaking, specifically whether such views are based chiefly on ex ante opportunities or on ex post outcomes. The results show that even though many participants focus exclusively on ex ante opportunities, most favor some redistribution ex post. Many participants also make a distinction between ex post inequalities that reflect differences in luck and ex post inequalities that reflect differences in choices. These findings apply to both stakeholders and impartial spectators. "Just Luck - An Experimental Study of Risk Taking and Fairness, 2007" is generated in the project "Responsibility, Individual Choice and Restributive Policy".