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?:abstract
  • 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 the interview. We observe a trading rate of 32 percent, consistent with an endowment effect, but no relationship with loss aversion. Manipulating expectations of the exchange opportunity, we find no support for expectation-based reference points. However, trading predicts residential mobility and is related to stock-market participation, i.e., economic decisions that entail parting with existing resources. (xsd:string)
?:contributor
?:dateModified
  • 2022 (xsd:gyear)
?:datePublished
  • 2022 (xsd:gyear)
?:duplicate
?:hasFulltext
  • true (xsd:boolean)
is ?:hasPart of
?:inLanguage
  • en (xsd:string)
?:location
is ?:mainEntity of
?:name
  • The endowment effect in the general population (xsd:string)
?:provider
?:publicationType
  • Arbeitspapier (xsd:string)
?:reference
?:sourceInfo
  • GESIS-SSOAR (xsd:string)
rdf:type
?:url
?:volumeNumber
  • SP II 2022-204 (xsd:string)