What explains observed reluctance to trade? A comprehensive literature review

@inproceedings{Zeiler2016WhatEO,
  title={What explains observed reluctance to trade? A comprehensive literature review},
  author={Kathryn Zeiler},
  year={2016}
}
Valuation gaps and exchange asymmetries are among the most widely studied phenomena in the field of behavioral economics. This chapter presents the current state of the social science literature related to observed reluctance to trade. Numerous theories have been proposed and only a few might be safe to rule out based on the evidence to date. A number of theories have been developed and tested by both economists and psychologists including endowment theory, substitution theory, expectation… CONTINUE READING

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