Is the Endowment Effect a Reference Effect?
收藏NBER2011-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w16715
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资源简介：
This paper is aimed to assess, with two lab experiments, to what extent Kszegi and Rabin's (2006) model of expectations-based reference-dependent preferences can explain Knetsch's (1989) endowment effect. Departing from past work, we design an experiment that treats the two goods (a mug and a pen)
提供机构：
美国国家经济研究局
创建时间：
2011-01-01
