Eliciting the Endowment Effect under Assigned Ownership

• Tác giả: Patrick Barranger, Shane Conner, Rob Mulla, Rohit Nair
• Ngôn ngữ: eng
• Ký hiệu phân loại: 378.32 Veterans higher education benefits
• Thông tin xuất bản: 2018
• Bộ sưu tập: Báo, Tạp chí
• ID: 162239

Tóm tắt

 Comment: 14 pages, 12 figuresIn this study we present evidence that endowment effect can be elicited merely by assigned ownership. Using Google Customer Survey, we administered a survey were participants (n=495) were randomly split into 4 groups. Each group was assigned ownership of either legroom or their ability to recline on an airline. Using this experiment setup we were able to generate endowment effect, a 15-20x (at p<
 0.05) increase between participant's willingness to pay (WTP) and their willingness to accept (WTA).