Holden, Stein T.; Tilahun, Mesfin - 2021
paper, we use an alternative treatment that does not induce endowment effects. This allows us to establish a benchmark to … assess the relative size of the endowment effects when initial safe and risky endowments are provided (contribution 1). While … Prospect Theory could predict endowment effects in the game, it fails to explain the dominance of interior choices (partial …