Endowment effect despite the odds

被引：4

作者：

Walasek, Lukasz ^{[1
]}

Yu, Erica C. ^{[2
,4
]}

Lagnado, David A. ^{[3
]}

机构：

[1] Univ Warwick, Dept Psychol, Coventry, W Midlands, England

[2] Univ Maryland, Dept Psychol, College Pk, MD 20742 USA

[3] UCL, Dept Expt Psychol, London, England

[4] US Bur Labor Stat, Washington, DC 20212 USA

来源：

THINKING & REASONING | 2018年 / 24卷 / 01期

关键词：

Endowment effect; loss aversion; betting; valuation; probability estimation; RELUCTANT; PEOPLE; DECISION; AVERSION; LOSSES; REGRET;

D O I：

10.1080/13546783.2017.1381163

中图分类号：

B84 [心理学];

学科分类号：

04 ; 0402 ;

摘要：

Can ownership status influence probability judgements under condition of uncertainty? In three experiments, we presented our participants with a recording of a real horse race. We endowed half of our sample with a wager on a single horse to win the race, and the other half with money to spend to acquire the same wager. Across three large studies (N = 750), we found the endowment effect-owners demanded significantly more for the wager than buyers were willing to pay to acquire it. However, we also found that probability estimates of each horse winning the race did not differ between owners and non-owners of the betting slip. Our results demonstrate that distorted perception of probability is unlikely to be a mechanism explaining the endowment effect.

引用

页码：79 / 96

页数：18

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