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Endowment effects? “Even” with half a million on the table!


Blavatskyy, Pavlo; Pogrebna, Ganna (2010). Endowment effects? “Even” with half a million on the table! Theory and Decision, 68(1-2):173-192.

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

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

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Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:National licences > 142-005
Dewey Decimal Classification:330 Economics
Language:English
Date:1 February 2010
Deposited On:17 Dec 2018 17:58
Last Modified:24 Sep 2019 23:46
Publisher:Springer
ISSN:0040-5833
OA Status:Green
Publisher DOI:https://doi.org/10.1007/s11238-009-9152-4
Related URLs:https://www.swissbib.ch/Search/Results?lookfor=nationallicencespringer101007s1123800991524 (Library Catalogue)

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