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Project Citation: 

Cappelen, Alexander W., Konow, James, Sørensen, Erik Ø., and Tungodden, Bertil. Replication data for: Just Luck: An Experimental Study of Risk-Taking and Fairness. Nashville, TN: American Economic Association [publisher], 2013. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112648V1

Project Description

Summary:  View help for Summary Choices involving risk significantly affect the distribution of income and wealth in society. This paper reports the results of the first experiment, to our knowledge, to study fairness views about risktaking, specifically whether such views are based chiefly on ex ante opportunities or on ex post outcomes. We find 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.

Scope of Project

JEL Classification:  View help for JEL Classification
      D63 Equity, Justice, Inequality, and Other Normative Criteria and Measurement
      D81 Criteria for Decision-Making under Risk and Uncertainty
      H23 Taxation and Subsidies: Externalities; Redistributive Effects; Environmental Taxes and Subsidies


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