Ratan, Anmol - Department of Econometrics and Business Statistics, … - 2012
In this paper, we relax the hard closure property of experiments that have been used to study endowment effect in … the decisions taken in the laboratory (soft closure). We find that “endowment effect” is not observed in the soft closure … careful interpretation of experiments that suggest “endowment effect” in laboratory conditions. Other implications pertain to …