The outcome of a state lottery game is certainly a very unequal distribution of the prize income.

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The outcome of a state lottery game is certainly a very unequal distribution of the prize income. Some players are made very rich, whereas others lose their money.

Using this example, discuss whether the fairness of the process or the fairness of the outcome is more important, and how they differ.

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Microeconomics Private And Public Choice

ISBN: 9781305506893

16th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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