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dc.contributor.authorJefferson, Therese
dc.contributor.authorTaplin, Ross
dc.date.accessioned2017-01-30T11:24:38Z
dc.date.available2017-01-30T11:24:38Z
dc.date.created2011-09-27T20:06:39Z
dc.date.issued2011
dc.identifier.citationJefferson, Therese and Taplin, Ross. 2011. An investigation of the endowment effect using a factorial design. Journal of Economic Psychology. 32 (6): pp. 899-907.
dc.identifier.urihttp://hdl.handle.net/20.500.11937/11427
dc.identifier.doi10.1016/j.joep.2011.08.004
dc.description.abstract

The endowment effect is interpreted as evidence that we may 'over value' objects we alreayd own. In this study we introduce a novel approach to investigating the endowment effect, the factorial survey design, which enables manipulation of variables potentially influencing the endowment effect. We consider the value and uniqueness of the possession, whether it is a gift from a close friend and whether the trade is with a stranger. We find a higher endowment effect for possessions received as gifts from a close friend and this effect is entirely due to responses from women. Furthermore, we find significantly higher endowment effects for valuable possessions. Our results suggest there is ample scope for broadening the range of methors applied to this area of economic research.

dc.publisherElsevier
dc.titleAn investigation of the endowment effect using a factorial design
dc.typeJournal Article
dcterms.source.volume32
dcterms.source.startPage899
dcterms.source.endPage907
dcterms.source.issn01674870
dcterms.source.titleJournal of Economic Psychology
curtin.note

Notice: This is the author's verions of a work that was accepted for publication in Journal of Economic Psychology. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Journal of Economic Psychology, 32, 6, 2011. DOI: 10.1016/j.joep.2011.08.004

curtin.departmentGraduate School of Business
curtin.accessStatusOpen access


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