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

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Abstract

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
Publisher:	Springer
ISSN:	0040-5833
Date:	20 May 2009
Volume:	Vol.68
Number:	No.1-2
Page Range:	pp. 173-192
Identification Number:	10.1007/s11238-009-9152-4
Status:	Peer Reviewed
Access rights to Published version:	Restricted or Subscription Access
Funder:	Universität Zürich
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URI:	http://wrap.warwick.ac.uk/id/eprint/37692

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