Consumption experience, choice experience and the endowment effect
(2017)
Journal Article
Humphrey, S. J., Lindsay, L., & Starmer, C. (in press). Consumption experience, choice experience and the endowment effect. Journal- Economic Science Association, https://doi.org/10.1007/s40881-017-0044-z
We report experiments investigating how experience influences the endowment effect. Our experiments feature endowments which are bundles of unfamiliar consumption goods. We examine how a subject’s willingness to swap items from their endowment is inf... Read More about Consumption experience, choice experience and the endowment effect.