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"anchoring" phenomenon in the field. The first experiment produces evidence that inexperienced consumers can be anchored in the … experiment finds that anchors have only transient effects on prices and quantities traded: aggregate market outcomes converge to …
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We study the endowment effect and expectation-based reference points in the field leveraging the setup of the Socio-Economic Panel. Households receive a small item for taking part in the panel, and we randomly assign respondents either a towel or a notebook, which they can exchange at the end of...
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We study the endowment effect and expectation-based reference points in the field leveraging the setup of the Socio-Economic Panel. Households receive a small item for taking part in the panel, and we randomly assign respondents either a towel or a notebook, which they can exchange at the end of...
Persistent link: https://www.econbiz.de/10014476660