comes from effort rather than luck regardless of their income position; (4) the effect of social mobility on inequality …

idea that effort deserves reward for it is costly. We show that luck can be introduced in two ways in the definition of … these principles, depending on whether the correlation between luck and circumstances should be nullified and whether the … correlation between luck and effort should be rewarded. In this regard, the timing of luck with respect to effort decisions is …

failure for investors' decisions. Our motivating insight is that failure can be due to bad luck, lack of skill or both … of failure into luck and skill. Our results indicate that investors discount entrepreneurs who have experienced failure … entrepreneurial failure is prevalent, we find that investors are sensitive to its core drivers: luck and skill. …

,986) where luck determined which of the players' performance counted toward winning the game. Despite luck playing a large part …

Support for redistribution depends on whether inequality stems from differences in performance or luck, but different … sources of luck may impact redistribution differentially. We elicit redistribution decisions from a U.S.-representative sample … who observe worker earnings and whether luck influenced their earnings directly ("lucky outcomes") or indirectly by …

Utilitarianism is the most prominent family of social welfare functions. We present three new axiomatic ….'s (1998) Expected Critical-Level Generalized Utilitarianism (ECLGU) is equivalent to a new axiom holding that it is better to … novel characterizations extend classic axiomatizations of utilitarianism from settings with either social risk or variable …

of benefit-cost analysis, utilitarianism, and prioritarianism in evaluating COVID-19-related policies. The relative … less aggressive control policies. Utilitarianism and prioritarianism, in that order, increasingly favor income … likely than utilitarianism or benefit-cost analysis to target young and socioeconomically disadvantaged individuals in the …

people are plagued by irrational biases and inconsistencies. The author elucidates how these developments have led to a post-utilitarianism … on the scope of government intervention. -- behavioural economics ; utilitarianism ; government ; paternalism …