Endowment effects? : "even" with half a million on the table!
Blavatskyy, Pavlo and Pogrebna, Ganna. (2009) Endowment effects? : "even" with half a million on the table! Theory and Decision, Vol.68 (No.1-2). pp. 173-192. ISSN 0040-5833
WRAP_Pogrebna_Endowment_effects_Even.pdf - Accepted Version - Requires a PDF viewer such as GSview, Xpdf or Adobe Acrobat Reader
Official URL: http://dx.doi.org/10.1007/s11238-009-9152-4
In the television show Deal or No Deal a contestant is endowed with a sealed box containing a monetary prize between one cent and half a million euros. In the course of the show the contestant is offered to exchange her box for another sealed box with the same distribution of possible monetary prizes inside. This offers a unique natural experiment for studying endowment effects under high monetary incentives. We find only weak endowment effects when contestants exchange their box for another box with the same distribution of possible prizes.
|Item Type:||Journal Article|
|Subjects:||H Social Sciences > HB Economic Theory|
|Divisions:||Faculty of Social Sciences > Economics|
|Library of Congress Subject Headings (LCSH):||Deal or no deal (Television program) -- Economic aspects, Television game shows -- Great Britain -- Economic aspects|
|Journal or Publication Title:||Theory and Decision|
|Date:||20 May 2009|
|Page Range:||pp. 173-192|
|Access rights to Published version:||Restricted or Subscription Access|
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