The endowment effect in games

被引：6

作者：

Drouvelis, Michalis ^{[1
]}

Sonnernans, Joep ^{[2
,3
]}

机构：

[1] Univ Birmingham, Birmingham, W Midlands, England

[2] Univ Amsterdam, CREED, Amsterdam, Netherlands

[3] Tinbergen Inst, Amsterdam, Netherlands

来源：

EUROPEAN ECONOMIC REVIEW | 2017年 / 94卷

关键词：

Experiment; Endowment effect; 2x2; Games; PAY-WILLINGNESS; ACCEPT GAP; SUBJECT MISCONCEPTIONS; ELICITING VALUATIONS; LABORATORY EVIDENCE; CONSUMER CHOICE; LOSS AVERSION; DISPARITY; WTP; OVERCONFIDENCE;

D O I：

10.1016/j.euroecorev.2017.03.005

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In a laboratory experiment we study whether the endowment effect exists in a social and strategic context. We employ a within-subjects design whereby participants are asked for their Willingness-to-Accept (WTA) or Willingness-to-Pay (WTP) to play a series of 2 x 2 games. In the second part of the 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 games than in lotteries. We also find that the endowment effect can partly be attributed to optimism. (C) 2017 Elsevier B.V. All rights reserved.

引用

页码：240 / 262

页数：23

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