The endowment effect in games

• Published in: European economic review Vol. 94; pp. 240 - 262
• Main Authors: Drouvelis, Michalis, Sonnemans, Joep
• Format: Journal Article
• Language: English
• Published: Elsevier B.V 01.05.2017
• Subjects: 2×2 Games; Endowment effect; Experiment; 2×2 Games; Experiment; Endowment effect

In a laboratory experiment we study whether the endowment effect exists in a social and strategic context. We employ a within-subjects design whereby participants are asked for their Willingness-to-Accept (WTA) or Willingness-to-Pay (WTP) to play a series of 2 × 2 games. In the second part of the ex...