attractiveness in particular of Luck Egalitarianism, compensating inequalities due to chance but not those due to choice. We find …

satisfaction. In the context of the discussion of both notions we also address their relationship to different types of luck. …

impacts negatively on productivity only when the prize at stake is big enough. Responses to luck are more persistent and …

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 …

only decided by luck. As an example, we apply our conditions to the case of CRRA betting. …

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. …

CEO pay structure and sensitivity to performance and luck. Thus, we address three ultimate questions; Are CEOs rewarded … for luck? Does institutional features matter for CEO pay for luck? How do systematic incentive effect is sensitive to … third question provide evidence that pay for luck is asymmetric. That is, executives are rewarded for good luck but they are …

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 …

Can luck predict risk-taking behavior in games of chance? Economists have not widely studied this issue although … good and bad luck outcomes in a simple repeated risky investment game affect risk-taking behavior in the following rounds … of the same game where the outcome (luck) in the game is determined by the throwing of a die after each round. The …