We find that large increases in age do not reduce the endowment effect, supporting the hypothesis that people have reference-dependent preferences which are not changed by repeated experience getting and giving up goods.
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Paper provided by Iowa State University, Department of Economics in its series Staff General Research Papers with number
1950.
Length: Date of creation: 09 Apr 2001 Date of revision: Publication status: Published in Economics Letters, February 2001, Vol. 70, No. 2, pp. 175-181. Handle: RePEc:isu:genres:1950
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