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 A. K{\"u}hberger and Rainer Gilhofer},
  journal={Journal of Economic Psychology},
  year={2013},
  volume={37},
  pages={42 - 53}
}
  • Christoph Kogler, A. Kühberger, Rainer Gilhofer
  • Published 2013
  • Psychology, Medicine
  • Journal of Economic Psychology
  • 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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