منابع مشابه
Preschoolers and the Endowment Effect
We show that preschoolers exhibit the endowment effect as evidenced by experiments where children generally chose to keep their own toys rather than trading them for similar ones. Furthermore, we relate the emergence of this effect to children's innate psychobiological traits--emotional state, gender, handedness, and digit ratio. The trials were conducted with 141 children across 6 kindergarten...
متن کاملThe Endowment Effect in Orangutans
Research supported by National Science Foundation Human and Social Dynamics grant (SES 0729244) awarded to Sarah F. Brosnan. All procedures used in the research are in accordance with the Guidelines for the Use of Animals in Research and have been approved by the Institutional Animal Care and Use Committee of Georgia State University (IACUC protocol # A07011) and the Zoo Atlanta Scientific Revi...
متن کاملUsing the Health and Retirement Study To Analyze Housing Decisions, Housing Values, and Housing Prices
Few existing surveys provide detailed longitudinal information on households and their homes. This article introduces a data source, the Health and Retirement Study (HRS), which has this detailed information but has received little attention by housing researchers to date. The HRS is a rich longitudinal data set that provides information on house values, house prices, and detailed personal char...
متن کاملCognitive Consistency, the Endowment Effect and
We exhibit three non-standard cases of preference reversal (PR) between choices and valuations of bets. The endowment effect arises as a surprising consequence of the WTA/WTP disparity when the probabilities of winning get close to certainty. We consider a new theory of choice under risk, cognitive consistency (CC) theory, which can predict both standard and non-standard cases of PR, the WTA/WT...
متن کاملEndowment effect in capuchin monkeys
In humans, the capacity for economically rational choice is constrained by a variety of preference biases: humans evaluate gambles relative to arbitrary reference points; weigh losses heavier than equally sized gains; and demand a higher price for owned goods than for equally preferred goods that are not yet owned. To date, however, fewer studies have examined the origins of these biases. Here,...
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ژورنال
عنوان ژورنال: International Journal of Strategic Property Management
سال: 2016
ISSN: 1648-715X,1648-9179
DOI: 10.3846/1648715x.2016.1192069