Real and hypothetical endowment effects when exchanging lottery tickets: Is regret a better explanation than loss aversion?☆

@article{Kogler2013RealAH,
  title={Real and hypothetical endowment effects when exchanging lottery tickets: Is regret a better explanation than loss aversion?☆},
  author={Christoph Kogler and Anton K{\"u}hberger and Rainer Gilhofer},
  journal={Journal of Economic Psychology},
  year={2013},
  volume={37},
  pages={42 - 53}
}
Highlights • New procedure to test endowment effect in lottery settings.• Procedure controls for transaction costs and inspection effects.• Successful prediction of the endowment effect in a hypothetical setting.• Successful prediction for self and for others.• Identification of regret as probable source of endowment effects in lottery settings. 

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