Explanations of the endowment effect: an integrative review

@article{Morewedge2015ExplanationsOT,
  title={Explanations of the endowment effect: an integrative review},
  author={Carey K. Morewedge and Colleen E. Giblin},
  journal={Trends in Cognitive Sciences},
  year={2015},
  volume={19},
  pages={339-348}
}
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167 Citations
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Background Citations
67
Methods Citations
2
Results Citations
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167 Citations

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ff ects on valuation of ambiguously appraised products
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References

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A Reference Price Theory of the Endowment Effect
The common finding that selling prices exceed buying prices (the so-called endowment effect) is typically explained by the assumptions that consumers evaluate potential transactions with respect to…
The Endowment Effect
The endowment effect is among the best known findings in behavioral economics and has been used as evidence for theories of reference-dependent preferences and loss aversion. However, a recent…
Is the Endowment Effect an Expectations Effect
A hallmark result within behavioral economics is that individuals' choices are affected by current endowments. A recent theory due to Kőszegi and Rabin ( , Quarterly Journal of Economics, 121,…
The Effect of Giving It All Up on Valuation: A New Look at the Endowment Effect
In three experiments we show that the endowment effect---the tendency to demand more money for relinquishing owned goods than one is willing to pay for the same goods---fails to emerge when sellers…
Learning to Like What You Have - Explaining the Endowment Effect
The endowment effect describes the fact that people demand much more to give up an object than they are willing to spend to acquire it. The existence of this effect has been documented in numerous…
The influence of involvement on the endowment effect: The moveable value function
The Endowment Effect as Self-Enhancement in Response to Threat
The discrepancy between willingness to pay (WTP) and willingness to accept (WTA) for a product, referred to as the endowment effect, has been investigated and replicated across various domains…
Explaining the Endowment Effect through Ownership: The Role of Identity, Gender, and Self-Threat
The price people are willing to pay for a good is often less than the price they are willing to accept to give up the same good, a phenomenon called the endowment effect. Loss aversion has typically…
Bad riddance or good rubbish? Ownership and not loss aversion causes the endowment effect.
Evolutionary Origins of the Endowment Effect : Evidence from Hunter-Gatherers †
The endowment effect, the tendency to value possessions more than non-possessions, is a well-known departure from rational choice and has been replicated in numerous settings. We investigate the…
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