Drouvelis, Michalis; Sonnemans, Joep - 2015
We study experimentally whether the endowment effect survives in a social and strategic context. Participants are asked … experiment, we study the endowment effect in lotteries with the same payoffs as the games in the first part. Our findings provide … robust evidence for the endowment effect both in games and in lotteries, with the size of the effect actually being larger in …