Are Children Better Behaved Than Adults? Age, Experience and the Endowment Effect

We find that large increases in age do not reduce the endowment effect, supporting the hypothesis that people have reference-dependent preferences which are not changed by repeated experience getting and giving up goods.

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Year of publication:	2001-02-01
Authors:	Harbaugh, William ; Krause, Catherine ; Vesterlund, Lise
Institutions:	Department of Economics, Iowa State University

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Series:	Staff General Research Papers.
Type of publication:	Book / Working Paper
Notes:	Published in Economics Letters, February 2001, vol. 70 no. 2, pp. 175-181
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005442004