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This paper presents evidence on the role of the endowment effect in shaping the risk-taking behavior of entrepreneurs, and how the potential of losing their firms lead them to take higher risks. This study uses an experimental design with 466 entrepreneurs in Cali, Colombia. Results show that...
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another and that the composition of income is irrelevant for consumption. We find in a field experiment that even in a simple … change consumption according to the suggestion of the label. A controlled laboratory experiment confirms this result and … consumers ; field experiment ; laboratory experiment …
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another. This implies that the composition of income or wealth is irrelevant for consumption. We find in a field experiment … of their budget, subjects change consumption according to the label. A controlled laboratory experiment confirms this … Bracketing ; Field Experiment ; Laboratory Experiment …
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