Equality of Opportunity
Working Paper 2016-394
Equality of opportunity is usually defined as a situation where the effect of circumstances on outcome is nullified (compensation principle) and
Authors: Arnaud Lefranc, Alain Trannoy.
Keywords: Equality of Opportunity, luck, compensation principle, reward principle, moral hazard, first-order stochastic dominance, correlation, effort.
JEL: D63, J62, C14.