Results 31 to 40 of about 40,679 (249)
The Endowment Effect in the General Population
SSRN Electronic Journal, 2022 We study the endowment effect and expectation-based reference points in the field leveraging the setup of the Socio-Economic Panel. Households receive a small item for taking part in the panel, and we randomly assign respondents either a towel or a notebook, which they can exchange at the end of the interview.
Fehr, Dietmar, Kübler, Dorothea
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To trade or not to trade: The moderating role of vividness when exchanging gambles [PDF]
Judgment and Decision Making, 2011 Individuals are generally reluctant to trade goods---a phenomenon identified as the endowment effect. This paper focuses on consumers' puzzling reluctance to exchange gambles, and in particular lottery tickets with identical distribution (i.e., same odds
Michal Maimaran
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Organizacija, 2017 Background and purpose: Mainstream economic models do not take ownership into consideration. Only after the findings of behavioural economists was endowment effect widely observed.
Kolnhofer-Derecskei Anita
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Neural Antecedents of the Endowment Effect [PDF]
Neuron, 2008 The "endowment effect" refers to the tendency to place greater value on items that one owns-an anomaly that violates the reference-independence assumption of rational choice theories. We investigated neural antecedents of the endowment effect in an event-related functional magnetic resonance imaging (fMRI) study. During scanning, 24 subjects considered
Knutson, Brian +5 more
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IS THE ENDOWMENT EFFECT AN EXPECTATIONS EFFECT? [PDF]
Journal of the European Economic Association, 2014 A hallmark result within behavioral economics is that individuals’ choices are affected by current endowments. A recent theory due to Kőszegi and Rabin (2006) explains such endowment effect with a model of expectations-based reference-dependent preferences.
Ori Heffetz, John A. List
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Heliyon, 2023 In this paper, six major cities in the Beijing-Tianjin-Hebei region of China are classified into two groups, namely core city (Beijing) and industrial cities.
Mingyang Wang, Rong Gao, Hua Ma
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Endowment effect in Latin American: experimental evidence
Estudios de Administración, 2017 Authors from several disciplines -decision sciences, management, marketing, behavioral economics- have documented the existence of anomalies to the standard rational model of human behavior.
Enrique Manzur +3 more
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Loss aversion (simply) does not materialize for smaller losses
Judgment and Decision Making, 2022 Loss aversion, the argument that losses are given more weight than gains, has been recently shown to be absent in small losses. However, a series of studies by Mrkva et al.
Dana Zeif, Eldad Yechiam
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Reconsidering the Effect of Market Experience on the ''Endowment Effect'' [PDF]
Econometrica, 2010 Simple exchange experiments have revealed that participants trade their endowment less frequently than standard demand theory would predict. List (2003a) finds that the most experienced dealers acting in a well-functioning market are not subject to this exchange asymmetry, suggesting that a significant amount of market experience is required to ...
Engelmann, Dirk, Hollard, Guillaume
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, 2003 The divergence between the willingness-to-pay (WTP) and willingness-to-accept (WTA) has resulted in two explanations. First, that this may be due to the manifestation of the endowment effect (Kahneman, Knetsch and Thaler, 1991). Second, the difference between WTA and WTP is directly related with the substitutability of the goods (Haneman, 1991).
Kujal, Praveen, Smith, Vernon
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