dc.contributor.author | Fehr, Dietmar | de |
dc.contributor.author | Kübler, Dorothea | de |
dc.date.accessioned | 2023-01-03T16:02:04Z | |
dc.date.available | 2023-01-03T16:02:04Z | |
dc.date.issued | 2022 | de |
dc.identifier.uri | https://www.ssoar.info/ssoar/handle/document/83706 | |
dc.description.abstract | We study the endowment effect and expectation-based reference points in the field leveraging the setup of the Socio-Economic Panel. Households receive a small item for taking part in the panel, and we randomly assign respondents either a towel or a notebook, which they can exchange at the end of the interview. We observe a trading rate of 32 percent, consistent with an endowment effect, but no relationship with loss aversion. Manipulating expectations of the exchange opportunity, we find no support for expectation-based reference points. However, trading predicts residential mobility and is related to stock-market participation, i.e., economic decisions that entail parting with existing resources. | de |
dc.language | en | de |
dc.subject.ddc | Psychologie | de |
dc.subject.ddc | Psychology | en |
dc.subject.other | SOEP; exchange asymmetry; fieldexperiment; loss aversion; reference-dependent preferences | de |
dc.title | The endowment effect in the general population | de |
dc.description.review | begutachtet | de |
dc.description.review | reviewed | en |
dc.source.volume | SP II 2022-204 | de |
dc.publisher.country | DEU | de |
dc.publisher.city | Berlin | de |
dc.source.series | Discussion Papers / Wissenschaftszentrum Berlin für Sozialforschung, Forschungsschwerpunkt Markt und Entscheidung, Abteilung Verhalten auf Märkten | |
dc.subject.classoz | angewandte Psychologie | de |
dc.subject.classoz | Applied Psychology | en |
dc.rights.licence | Deposit Licence - Keine Weiterverbreitung, keine Bearbeitung | de |
dc.rights.licence | Deposit Licence - No Redistribution, No Modifications | en |
ssoar.contributor.institution | WZB | de |
internal.status | formal und inhaltlich fertig erschlossen | de |
dc.type.stock | monograph | de |
dc.type.document | Arbeitspapier | de |
dc.type.document | working paper | en |
dc.source.pageinfo | 16, 14 | de |
internal.identifier.classoz | 10709 | |
internal.identifier.document | 3 | |
dc.contributor.corporateeditor | Wissenschaftszentrum Berlin für Sozialforschung gGmbH | |
internal.identifier.corporateeditor | 381 | |
internal.identifier.ddc | 150 | |
dc.description.pubstatus | Veröffentlichungsversion | de |
dc.description.pubstatus | Published Version | en |
internal.identifier.licence | 3 | |
internal.identifier.pubstatus | 1 | |
internal.identifier.review | 2 | |
internal.identifier.series | 961 | |
internal.dda.reference | https://www.econstor.eu/oai/request@@oai:econstor.eu:10419/267722 | |
dc.identifier.handle | http://hdl.handle.net/10419/267722 | de |
ssoar.urn.registration | false | de |