Search Results - subject:"Endowment Eﬀect"

Auction fever : theory and experimental evidence

Ehrhart, Karl-Martin - 2008

Persistent link: https://www.econbiz.de/10013442657

Individual-Level Loss Aversion in Riskless and Risky Choices

Gächter, Simon; Johnson, Eric J.; Herrmann, Andreas - Institute for the Study of Labor (IZA) - 2007

endowment effect experiment by eliciting both WTA and WTP from each of our 360 subjects (randomly selected customers of a car …

Persistent link: https://www.econbiz.de/10005761867

Short-selling and the WTA-WTP gap

Ben-Zion, Uri; Shahrabani, Shosh; SHAVIT, TAL - Economics Department, Ben Gurion University of the Negev - 2007

The experimental results of the current paper reveal positive relations between shortselling bidding prices and the WTA-WTP gap. This result may be explained by the status-quo bias.

Persistent link: https://www.econbiz.de/10008752466

Chapter 21 Experimental Study of Law

Camerer, Colin; Talley, Eric - In: Handbook of law and economics : volume 2, (pp. 1619-1650). 2007

This chapter surveys literature on experimental law and economics. Long the domain of legally minded psychologists and criminologists, experimental methods are gaining significant popularity among economists interested in exploring positive and normative aspects of law. Because this literature...

Persistent link: https://www.econbiz.de/10014023489

Territorial Bargaining

Carmichael, H. Lorne; MacLeod, W. Bentley - Department of Economics, Boston College - 1997

that exhibit the "endowment effect". The social institution of private property emerges spontaneously. Agents decisions …

Persistent link: https://www.econbiz.de/10005102679

Economic Transactions among Friends

Mandel, David R. - In: Journal of Conflict Resolution 50 (2006) 4, pp. 584-606

altruistic disagreements caused by sellers offering lower prices than buyersâ€”a reversal of the well-known endowment effect …. Supporting the present account, in both studies, offers among friends showed a reversal of the endowment effect. Moreover …

Persistent link: https://www.econbiz.de/10010801432

I want to know: Willingness to pay for unconditional veto power

Güth, Werner; Levínský, René; Uske, Tobias; Gehrig, … - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2006

In the Yes/No game, like in the ultimatum game, proposer and responder can share a monetary reward. In both games the proposer suggests a reward distribution which the responder can accept or reject (yielding 0-payoffs). The games only differ in that the responder does (not) learn the suggested...

Persistent link: https://www.econbiz.de/10005765107

The Endowment Effect on Academic Chores Trade-Off (ACTO)

Galin, Amira; Sapir, Miron; Kela-Egozi, Irit - In: Theory and Decision 60 (2006) 2, pp. 335-357

The present study aimed to investigate three questions concerning Kahnemanâ€™s Endowment Effect. (a) Does the Endowment …) Does the sequence in which proposals are presented to the negotiators influence the Endowment Effect and, if so, how? (c …) Does the Endowment Effect have the same impact in on-going negotiations as in one-shot negotiations? The investigation …

Persistent link: https://www.econbiz.de/10005678321

THE APPROPRIATE CHOICE OF VALUATION MEASURE IN USUAL CASES OF LOSSES VALUED MORE THAN GAINS

KNETSCH, JACK L. - In: The Singapore Economic Review (SER) 50 (2005) sp, pp. 393-406

People's common propensity to value losses more than otherwise commensurate gains, gives rise to different values of positive and negative changes in entitlements depending on the measure used to assess them. A major implication of the differing valuations is a need to choose an appropriate...

Persistent link: https://www.econbiz.de/10004977563

Gains, Losses, and the US-EPA Economic Analyses Guidelines: A Hazardous Product?

Knetsch, Jack - In: Environmental & Resource Economics 32 (2005) 1, pp. 91-112

While offering many useful suggestions to improve economic analyses, the Guidelines take no account of widely reported behavioural economics research findings. Foregoing the opportunities to improve valuations and other analyses offered by this evidence is likely to lead to inappropriate...

Persistent link: https://www.econbiz.de/10005722210