Endowment Effects in Chimpanzees

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چکیده

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Endowment Effects in Chimpanzees

Human behavior is not always consistent with standard rational choice predictions. Apparent deviations from rational choice predictions provide a promising arena for the merger of economics and biology [1-6]. Although little is known about the extent to which other species exhibit these seemingly irrational patterns [7-9], similarities across species would suggest a common evolutionary root to ...

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Endowment effects in gorillas (Gorilla gorilla).

Reports of endowment effects in nonhuman primates have received considerable attention in the comparative literature in recent years. However, little is known about the mechanisms underlying these effects. Continuing to explore endowment effects across different species of primate may reveal subtle differences in behavior that can help formulate specific hypotheses about the relevant mechanisms...

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Evolution and the expression of biases: situational value changes the endowment effect in chimpanzees.

Cognitive and behavioral biases, which are widespread among humans, have recently been demonstrated in other primates, suggesting a common origin. Here we examine whether the expression of one shared bias, the endowment effect, varies as a function of context. We tested whether objects lacking inherent value elicited a stronger endowment effect (or preference for keeping the object) in a contex...

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Multiple-Unit Holdings Yield Attenuated Endowment Effects

P endowment effect experiments have examined circumstances in which people encounter a single unit of a good (e.g., one chocolate). We contrast single-unit treatments with multiple-unit treatments in which participants encounter several units of a good (e.g., five chocolates). We observe endowment effects of typical magnitude for singleton holdings but attenuated endowment effects for multiple-...

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Multiple Unit Holdings Attenuate Endowment Effects

Previous endowment effect experiments have only examined circumstances in which people encounter a single unit of a good (e.g., one chocolate). We contrast single-unit treatments with multi-unit treatments in which participants encounter several units of a good (e.g., five chocolates). We observe endowment effects of typical magnitude for singleton holdings but attenuated endowment effects for ...

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ژورنال

عنوان ژورنال: Current Biology

سال: 2007

ISSN: 0960-9822

DOI: 10.1016/j.cub.2007.08.059