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When being wasteful appears better than feeling wasteful

Zultan, Ro'i; Bar-Hillel, Maya; Guy, Nitsan - 2010

"Waste not want not" expresses our culture's aversion to waste. "I could have gotten the same thing for less" is a sentiment that can diminish pleasure in a transaction. We study people's willingness to "pay" to avoid this spoiler. In one scenario, participants imagined they were looking for a...

Persistent link: https://www.econbiz.de/10008779919

Equity and the willingness to pay for green electricity in Germany

Andor, Mark Andreas; Frondel, Manuel; Sommer, Stephan - 2018

. Based on randomized information treatments in a stated-choice experiment among about 11,000 German households, we explore … Stromverbraucher höhere Lasten tragen müssen. Basierend auf einem Discrete-Choice Experiment unter 11.000 Haushalten, in dem zwei … diese Information die Zahlungsbereitschaft für grünen Strom beeinflusst. Unser zentrales Ergebnis lautet: Die Reduzierung …

Persistent link: https://www.econbiz.de/10011873273

Recognition-Based and Familiarity-Based PortfolioStrategies – An Experimental Study

Diao, Linan - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2011

familiar but not local stocks. Our experiment showsno evidence that familiarity is a reason for local bias. …

Persistent link: https://www.econbiz.de/10009248893

Size matters - when it comes to lies

Eisenkopf, Gerald; Gurtoviy, Ruslan; Utikal, Verena - Thurgauer Wirtschaftsinstitut <Kreuzlingen> - 2011

A small lie appears trivial but it obviously violates moral commandments. We analyze whetherthe preference for others’ truth telling is absolute or depends on the size of a lie. In a laboratoryexperiment we compare punishment for different sizes of lies controlling for the resultingeconomic...

Persistent link: https://www.econbiz.de/10009302673

Consumption Intentions toward green restaurants : application of theory of planned behavior and altruism

Shen, Ying-pei - In: International journal of management, economics and … 6 (2017) 3, pp. 121-143

Testing 429 valid questionnaires distributed in 20 green restaurants located in Taipei, Taichung, and Kaohsiung, this study explored the intentions of consumers to dine at green restaurants based on their perceptions of green restaurant attributes and their attitudes, subjective norms, and...

Persistent link: https://www.econbiz.de/10011752838

The endowment effect in games

Drouvelis, Michalis; Sonnemans, Joep - 2015

experiment, we study the endowment effect in lotteries with the same payoffs as the games in the first part. Our findings provide …

Persistent link: https://www.econbiz.de/10011339153

How Much Relevance Does Reality Imply? (Re)Considering the Endowment Effect

Brennan, Timothy J. - 2016

A leading approach to understanding significant discrepancies between observed willingness to pay (WTP) and willingness to accept (WTA) in policy evaluation is the “endowment effect” — that preferences are based on a reference point or anchor that leads WTA to exceed WTP. Unlike assertions...

Persistent link: https://www.econbiz.de/10012981250

Exchange asymmetries for bads? : experimental evidence

Dertwinkel-Kalt, Markus; Köhler, Katrin - 2014

element to distinguish between their validity. In our experiment, we find a strong endowment effect for bads, so that our …

Persistent link: https://www.econbiz.de/10010412721

Randomizing endowments : an experimental study of rational expectations and reference-dependent preferences

Götte, Lorenz; Cerulli-Harms, Annette; Sprenger, Charles - 2014

exchange. The experiment tightly tests the predictions of Kőszegi and Rabin (2006), as when the probability of forced exchange …

Persistent link: https://www.econbiz.de/10010436164

The endowment effect as blessing

Frenkel, Sivan; Heller, Yuval; Teper, Roee - 2017

We study the idea that seemingly unrelated behavioral biases can coevolve if they jointly compensate for the errors that any one of them would give rise to in isolation. We suggest that the "endowment effect" and the "winner's curse" could have jointly survived natural selection together. We...

Persistent link: https://www.econbiz.de/10011661133