Gächter, Simon; Johnson, Eric J.; Herrmann, Andreas - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
endowment effect experimentby eliciting both WTA and WTP from each of our 360 subjects (randomly selected customersof a car …Loss aversion can occur in riskless and risky choices. Yet, there is no evidence whetherpeople who are loss averse in … price of
subjects who merely have the possibility to buy the commodity (see Kahneman, Knetsch and
Thaler [1990] for a very …