Exchange asymmetries incorrectly interpreted as evidence of endowment effect theory and prospect theory
By Charles R. Plott, Kathryn Zeiler. 2007
257 citations recorded by the source corpus.
Subfields: Economics and Econometrics, General Decision Sciences, Safety Research
View Paper: https://www.semanticscholar.org/paper/1ff88a77029514b3cb175f1e6091b82b5ca31e58
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
- Andreas Fuster
- K. Ericson
- J. Knetsch
- Wei-Kang Wong
- Eduardo M. Azevedo
- C. Apicella
- Michaela Pagel
- Daniel Kahneman
In General Decision Sciences
In Safety Research
Citations in the corpus
- Happiness Adaptation to Income and to Status in an Individual Panel (2010, unknown): “However Plott and Zeiler (2005, 2007) argue that these methods may have lead to incorrect conclusions due to subject misconceptions.”
- Expectations as Endowments: Evidence on Reference-Dependent Preferences from Exchange and Valuation Experiments (2011, background): “…2010). ments contribute to a recent debate regarding the existence and interpretation of endowment effects in exchange experiments (Knetsch, 1989; Plott and Zeiler, 2007; Knetsch and Wong, 2009) and experiments comparing WTA of current owners to willingness-to-pay (WTP) of current non-owners…”
- The endowment effect and the reference state: Evidence and manipulations (2009, methodology): “Random assignment of the endowed good is a key condition that leads to the disappearance of the endowment effect in Plott and Zeiler (2007) .”
- Evolutionary Origins of the Endowment Effect: Evidence from Hunter-Gatherers (2014, background): “Electronic copy available at: http://ssrn.com/abstract=2255650 explanations for economic behavior and biases (Rayo and Becker 2007; Robson and Samuelson 2009), these theories are seldom faced with empirical tests (Chen, Lakshminarayanan, and Santos 2006; Harbaugh, Krause, and Vesterlund 2001).”