Kogler, Christoph; Kühberger, Anton; Gilhofer, Rainer - In: Journal of Economic Psychology 37 (2013) C, pp. 42-53
The endowment effect is the finding that possession of an item adds to its value. We introduce a new procedure for testing this effect: participants are divided into two groups. Possession group participants inspect a numbered lottery ticket and know it is theirs, while inspection group...
