Data for: Exchange asymmetries for bads? Experimental evidence

Abstract of associated article: This study provides the first incentivized test of exchange asymmetries for unpleasant items, the so-called bads. While prospect theory predicts an endowment effect for goods and bads, attention-based theories predict an endowment effect for goods, but a reverse exchange asymmetry (that is, a particularly high willingness to switch) for bads. The investigation of exchange asymmetries for bads is a key element to distinguish between the validity of loss aversion- and attention-based theories. As we find a strong endowment effect for bads, our results speak in favor of prospect theory.

关联论文摘要：本研究首次针对不愉快物品（即所谓的“坏品”（bads））开展了激励型交换不对称性测试。前景理论（Prospect Theory）预测，无论正常品还是坏品均存在禀赋效应（Endowment Effect）；而基于注意力的理论则认为，仅正常品存在禀赋效应，坏品会呈现反向交换不对称性（即转换意愿显著更高）。对坏品交换不对称性的考察，是甄别损失厌恶（Loss Aversion）理论与基于注意力的理论有效性的关键环节。本研究发现坏品存在显著的禀赋效应，实验结果佐证了前景理论的合理性。