메뉴 건너뛰기




Volumn 71, Issue 2, 2009, Pages 407-413

The endowment effect and the reference state: Evidence and manipulations

Author keywords

Endowment effect; Exchange experiments; Reference state

Indexed keywords


EID: 67349267817     PISSN: 01672681     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jebo.2009.04.015     Document Type: Article
Times cited : (80)

References (24)
  • 1
    • 35348998645 scopus 로고    scopus 로고
    • The missing motivation in macroeconomics
    • Akerlof G.A. The missing motivation in macroeconomics. American Economic Review 97 (2007) 5-36
    • (2007) American Economic Review , vol.97 , pp. 5-36
    • Akerlof, G.A.1
  • 2
    • 19644366052 scopus 로고    scopus 로고
    • Loss aversion without the endowment effect, and other explanations for the WTA-WTP disparity
    • Brown T.C. Loss aversion without the endowment effect, and other explanations for the WTA-WTP disparity. Journal of Economic Behavior & Organization 57 (2005) 367-379
    • (2005) Journal of Economic Behavior & Organization , vol.57 , pp. 367-379
    • Brown, T.C.1
  • 3
    • 0031543249 scopus 로고    scopus 로고
    • Fragile redistribution choices behind a veil of ignorance
    • Bukszar E., and Knetsch J.L. Fragile redistribution choices behind a veil of ignorance. Journal of Risk and Uncertainty 14 (1997) 63-74
    • (1997) Journal of Risk and Uncertainty , vol.14 , pp. 63-74
    • Bukszar, E.1    Knetsch, J.L.2
  • 4
    • 85098030232 scopus 로고    scopus 로고
    • Prospect theory in the wild: evidence from the field
    • Kahneman D., and Tversky A. (Eds), Cambridge University Press, Cambridge
    • Camerer C.F. Prospect theory in the wild: evidence from the field. In: Kahneman D., and Tversky A. (Eds). Choices, Values, and Frames (2000), Cambridge University Press, Cambridge 288-300
    • (2000) Choices, Values, and Frames , pp. 288-300
    • Camerer, C.F.1
  • 5
    • 67349197697 scopus 로고    scopus 로고
    • Values depend on the measures: are many transport project valuations seriously biased?
    • Chin A., and Knetsch J.L. Values depend on the measures: are many transport project valuations seriously biased?. Mimeo (2008)
    • (2008) Mimeo
    • Chin, A.1    Knetsch, J.L.2
  • 6
    • 38849206785 scopus 로고    scopus 로고
    • Price setting and the reluctance to realize losses in apartment markets
    • Einio M., Kaustia M., and Puttonen V. Price setting and the reluctance to realize losses in apartment markets. Journal of Economic Psychology 29 (2008) 19-34
    • (2008) Journal of Economic Psychology , vol.29 , pp. 19-34
    • Einio, M.1    Kaustia, M.2    Puttonen, V.3
  • 7
    • 0040481570 scopus 로고    scopus 로고
    • Loss aversion and seller behavior: evidence from the housing market
    • Genesove D., and Mayer C. Loss aversion and seller behavior: evidence from the housing market. Quarterly Journal of Economics 116 (2001) 1233-1260
    • (2001) Quarterly Journal of Economics , vol.116 , pp. 1233-1260
    • Genesove, D.1    Mayer, C.2
  • 9
    • 0000125532 scopus 로고
    • Prospect theory: an analysis of decisions under risk
    • Kahneman D., and Tversky A. Prospect theory: an analysis of decisions under risk. Econometrica 47 (1979) 263-291
    • (1979) Econometrica , vol.47 , pp. 263-291
    • Kahneman, D.1    Tversky, A.2
  • 10
    • 0000615794 scopus 로고
    • The endowment effect and evidence of nonreversible indifference curves
    • Knetsch J.L. The endowment effect and evidence of nonreversible indifference curves. American Economic Review 79 (1989) 1277-1284
    • (1989) American Economic Review , vol.79 , pp. 1277-1284
    • Knetsch, J.L.1
  • 11
    • 0000746142 scopus 로고    scopus 로고
    • The endowment effect and repeated market trials: is the Vickrey auction demand revealing?
    • Knetsch J.L., Tang F., and Thaler R.H. The endowment effect and repeated market trials: is the Vickrey auction demand revealing?. Experimental Economics 4 (2001) 257-269
    • (2001) Experimental Economics , vol.4 , pp. 257-269
    • Knetsch, J.L.1    Tang, F.2    Thaler, R.H.3
  • 12
    • 33646349613 scopus 로고    scopus 로고
    • A model of reference-dependent preferences
    • Köszegi B., and Rabin M. A model of reference-dependent preferences. Quarterly Journal of Economics 121 (2006) 1133-1165
    • (2006) Quarterly Journal of Economics , vol.121 , pp. 1133-1165
    • Köszegi, B.1    Rabin, M.2
  • 13
    • 0037332222 scopus 로고    scopus 로고
    • Does market experience eliminate market anomalies?
    • List J.A. Does market experience eliminate market anomalies?. Quarterly Journal of Economics 118 (2003) 47-71
    • (2003) Quarterly Journal of Economics , vol.118 , pp. 47-71
    • List, J.A.1
  • 15
    • 0010104544 scopus 로고    scopus 로고
    • Are investors reluctant to realize their losses?
    • Odean T. Are investors reluctant to realize their losses?. Journal of Finance 53 (1998) 1775-1798
    • (1998) Journal of Finance , vol.53 , pp. 1775-1798
    • Odean, T.1
  • 16
    • 24044465094 scopus 로고    scopus 로고
    • The willingness to pay-willingness to accept gap, the 'endowment effect,' subject misconceptions, and experimental procedures for eliciting valuations
    • Plott C.R., and Zeiler K. The willingness to pay-willingness to accept gap, the 'endowment effect,' subject misconceptions, and experimental procedures for eliciting valuations. American Economic Review 95 (2005) 530-545
    • (2005) American Economic Review , vol.95 , pp. 530-545
    • Plott, C.R.1    Zeiler, K.2
  • 17
    • 35348913249 scopus 로고    scopus 로고
    • Exchange asymmetries incorrectly interpreted as evidence of endowment effect theory and prospect theory?
    • Plott C., and Zeiler K. Exchange asymmetries incorrectly interpreted as evidence of endowment effect theory and prospect theory?. American Economic Review 97 (2007) 1449-1466
    • (2007) American Economic Review , vol.97 , pp. 1449-1466
    • Plott, C.1    Zeiler, K.2
  • 18
    • 0000481593 scopus 로고
    • Incorporating reference price effects into a theory of consumer choice
    • Putler D.S. Incorporating reference price effects into a theory of consumer choice. Marketing Science 11 (1992) 287-309
    • (1992) Marketing Science , vol.11 , pp. 287-309
    • Putler, D.S.1
  • 20
    • 0000159789 scopus 로고
    • Consumer's surplus in commodity space
    • Randall A., and Stoll J.R. Consumer's surplus in commodity space. American Economic Review 70 (1980) 449-455
    • (1980) American Economic Review , vol.70 , pp. 449-455
    • Randall, A.1    Stoll, J.R.2
  • 22
    • 84930063848 scopus 로고
    • The disposition to sell winners too early and ride losers too long: theory and evidence
    • Shefrin H., and Stateman M. The disposition to sell winners too early and ride losers too long: theory and evidence. Journal of Finance 44 (1985) 777-790
    • (1985) Journal of Finance , vol.44 , pp. 777-790
    • Shefrin, H.1    Stateman, M.2
  • 24
    • 1842832021 scopus 로고    scopus 로고
    • Save more tomorrow: using behavioral economics to increase employee saving
    • Thaler R.H., and Benartzi S. Save more tomorrow: using behavioral economics to increase employee saving. Journal of Political Economy 112 (2004) S164-S182
    • (2004) Journal of Political Economy , vol.112
    • Thaler, R.H.1    Benartzi, S.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.