Are Adults Better Behaved Than Children? Age, Experience, and the Endowment Effect.

By William T. Harbaugh, Kate Krause, Lise Vesterlund. 2001

158 citations recorded by the source corpus.

Subfields: Economics and Econometrics, General Decision Sciences, Safety Research

View Paper: https://www.semanticscholar.org/paper/c5b22616e9d9cfedd854c450a6631b4641d423f7

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Citations in the corpus

Free-Riding and the Provision of Public Goods in the Family: A Laboratory Experiment (2004, unknown): “However, Harbaugh et al. (2001) find that children as young as 7 years old exhibit consistency with axioms of revealed preference, and 11 year olds do as well as college students.”
Evolutionary Origins of the Endowment Effect: Evidence from Hunter-Gatherers (2014, background): “Electronic copy available at: http://ssrn.com/abstract=2255650 American Economic Review 2014, 104(6): 1793–1805 http://dx.doi.org/10.1257/aer.104.6.1793 1793 Evolutionary Origins of the Endowment Effect: Evidence from Hunter-Gatherers † By Coren L. Apicella, Eduardo M. Azevedo, Nicholas A. Christaki”
Exchange asymmetries incorrectly interpreted as evidence of endowment effect theory and prospect theory (2007, background): “Harbaugh et al. (2001) used simple exchange experiments with children to test whether market experience affects reluctance to trade and found that observed exchange asymmetries were independent of market experience levels.”
Willingness-To-Pay, Compensating Variation, and the Cost of Commitment (2004, background): “Numerous experiments have been conducted, and their results interpreted as supporting this theory over neoclassical preferences (Harbaugh et al. 2001; Horowitz and McConnell 2002).”
An Endowment Effect for Risk: Experimental Tests of Stochastic Reference Points (2015, background): “4 Credit for the term belongs to Koszegi and Rabin ð2006, 2007Þ. accept for the same good ðThaler 1980; Knetsch and Sinden 1984; Brookshire and Coursey 1987; Coursey, Hovis, and Schulze 1987; Knetsch 1989; Kahneman, Knetsch, and Thaler 1990; Harbaugh, Krause, and Vesterlund 2001Þ.”