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. …

€™ past 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. …

We examine how people redistribute income when there is uncertainty about the role luck plays in determining … whether luck magnified workers' effort ("lucky opportunities") or determined workers' income directly ("lucky outcomes"). We … find that participants redistribute less and are less reactive to changes in the importance of luck in environments with …

the entire population and sub-groups. The results also indicate that brute luck of gender or ethnicity occurring at birth … is perceived as different from brute luck experienced later in life. …