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Endowment effects? : "Even" with half a million on the table!
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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. doi:10.1007/s11238-009-9152-4 ISSN 0040-5833.
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Official URL: http://dx.doi.org/10.1007/s11238-009-9152-4
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 | ||||
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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 | ||||
Official Date: | 20 May 2009 | ||||
Dates: |
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Volume: | Vol.68 | ||||
Number: | No.1-2 | ||||
Page Range: | pp. 173-192 | ||||
DOI: | 10.1007/s11238-009-9152-4 | ||||
Status: | Peer Reviewed | ||||
Access rights to Published version: | Restricted or Subscription Access | ||||
Date of first compliant deposit: | 17 December 2015 | ||||
Date of first compliant Open Access: | 17 December 2015 | ||||
Funder: | Universität Zürich |
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