The Department of Economics Theory, History and Development Workshop Series presents
“Just Luck: An Experimental Study of Risk Taking and Fairness”
with James Konow, Loyola Marymount University
Monday, June 6, 2011
Social Science Plaza B, Room 3266 (Econ Library)
Choices involving risk significantly affect the distribution of income and wealth
in society. Konow ‘s talk will report the results of the first experiment, to his
knowledge, to study fairness views about risk-taking, specifically whether such views
are based chiefly on ex ante opportunities or on ex post outcomes. He finds 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.
For further information, please contact Gloria Simpson, firstname.lastname@example.org.