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preferences. The field experiment proceeded in three stages: a decision stage, an execution stage and a payout stage. At the …
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We study the endowment effect and expectation-based reference points in the field leveraging the setup of the Socio-Economic Panel. Households receive a small item for taking part in the panel, and we randomly assign respondents either a towel or a notebook, which they can exchange at the end of...
Persistent link: https://www.econbiz.de/10013472430
We study the endowment effect and expectation-based reference points in the field leveraging the setup of the Socio-Economic Panel. Households receive a small item for taking part in the panel, and we randomly assign respondents either a towel or a notebook, which they can exchange at the end of...
Persistent link: https://www.econbiz.de/10014476660
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exchange. The experiment tightly tests the predictions of Kőszegi and Rabin (2006), as when the probability of forced exchange …
Persistent link: https://www.econbiz.de/10010436164
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