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 …

observe striking differences in how men and women respond to good and bad luck in a competitive environment. Following a loss …, and differential responses to luck account for about half of the gender performance gap in our experiment. These findings …

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

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

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. …

observe striking differences in how men and women respond to good and bad luck in a competitive environment. Following a loss …, and differential responses to luck account for about half of the gender performance gap in our experiment. These findings …

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 …