Journal article
Endowment effects? “Even” with half a million on the table!
Theory and Decision, Vol.68(1-2), pp.173-192
2010
Abstract
In the television show Deal or No Deal, a contestant is endowed with a sealed box containing a monetary prize between one cent and half a million euros. In the course of the show, the contestant is offered to exchange her box for another sealed box with the same distribution of possible monetary prizes inside. This offers a unique natural experiment for studying endowment effects under high monetary incentives. We find evidence of only a weak endowment effect when contestants exchange their box for another box with the same distribution of possible prizes.
Details
- Title
- Endowment effects? “Even” with half a million on the table!
- Authors/Creators
- P. Blavatskyy (Author/Creator) - University of ZurichG. Pogrebna (Author/Creator) - Columbia University
- Publication Details
- Theory and Decision, Vol.68(1-2), pp.173-192
- Publisher
- Springer Netherlands
- Identifiers
- 991005541030807891
- Copyright
- © 2009 Springer Science+Business Media, LLC.
- Murdoch Affiliation
- Murdoch University
- Language
- English
- Resource Type
- Journal article
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