Search Results - subject:"endowment effect"

Willingness to accept, willingness to pay, and loss aversion

Chapman, Jonathan; Dean, Mark; Ortoleva, Pietro; … - 2023

We use four incentivized representative surveys to study the endowment effect for lotteries in 4,000 U.S. adults. We … replicate the standard finding of an endowment effect-the divergence between Willingness to Accept (WTA) and Willingness to Pay … (WTP), but document three new findings. First, we find little evidence that the endowment effect is related to loss …

Persistent link: https://www.econbiz.de/10013484907

Differentiating roles of the reference alternative

Qin, Dan - In: Games and economic behavior 146 (2024), pp. 196-221

Persistent link: https://www.econbiz.de/10015135087

The influence of non-physicality of goods on disparities in seller-buyer valuations : a meta-analysis

Nguyen, Peter; Wang, Xin - In: Journal of consumer psychology : JCP ; the official … 34 (2024) 3, pp. 445-465

Persistent link: https://www.econbiz.de/10015144211

The endowment effect in a field study with risk-reducing instruments

Tomicki, Filip; Kuśmierczyk, Paweł - In: Risks : open access journal 12 (2024) 12, pp. 1-14

The endowment effect is a phenomenon whereby ownership increases the perceived value of goods, thereby reducing the … the endowment effect hypothesis, proving that the effect is robust, and likely to also be observed in markets concerning …

Persistent link: https://www.econbiz.de/10015327700

Nature is ours! : psychological ownership and preferences for wind energy

Dugstad, Anders; Brouwer, Roy; Grimsrud, Kristine M.; … - In: Energy economics 129 (2024), pp. 1-14

Persistent link: https://www.econbiz.de/10014558935

Caution and reference effects

Cerreia-Vioglio, Simone; Dillenberger, David; Ortoleva, … - In: Econometrica : journal of the Econometric Society, an … 92 (2024) 6, pp. 2069-2103

Persistent link: https://www.econbiz.de/10015117878

Willingness to Accept, Willingness to Pay, and Loss Aversion

Chapman, Jonathan; Dean, Mark; Ortoleva, Pietro; … - 2023

We use four incentivized representative surveys to study the endowment effect for lotteries in 4,000 U.S. adults. We … replicate the standard finding of an endowment effect–the divergence between Willingness to Accept (WTA) and Willingness to Pay … (WTP), but document three new findings. First, we find little evidence that the endowment effect is related to loss …

Persistent link: https://www.econbiz.de/10014290110

Loss Aversion and Tax Evasion: Theory and Evidence

Dhami, Sanjit; Hajimoladarvish, Narges; Mamidi, Pavan - 2023

We consider income-source-dependent tax evasion and show that this is a generalization of the well-known endowment … effect. We show that loss aversion, moral costs, mental accounting, and risk preferences play a key role in explaining key …

Persistent link: https://www.econbiz.de/10014290134

Loss Aversion

Imai, Taisuke; Schmidt, Klaus - 2023

Loss aversion postulates that people prefer avoiding losses over acquiring gains of equal size. It is a central part of prospect theory and, according to Daniel Kahneman, "the most significant contribution of psychology to behavioral economics" (Kahneman, 2011, p. 300). It has powerful...

Persistent link: https://www.econbiz.de/10014467841

Loss aversion

Imai, Taisuke; Schmidt, Klaus M. - 2023

Persistent link: https://www.econbiz.de/10014540403