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Blue Porches: Finding the Limits of External Validity of the Endowment Effect

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Listed:
  • Karlan, Dean
  • Bryan, Gharad
  • ,
  • Haggag, Kareem
  • Startz, Meredith
  • Udry, Christopher

Abstract

We test whether the endowment effect holds in an experiment conducted with children during Halloween trick-or-treating. We do not find evidence of the endowment effect in this context and experimental protocol.

Suggested Citation

  • Karlan, Dean & Bryan, Gharad & , & Haggag, Kareem & Startz, Meredith & Udry, Christopher, 2020. "Blue Porches: Finding the Limits of External Validity of the Endowment Effect," CEPR Discussion Papers 14772, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:14772
    as

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    References listed on IDEAS

    as
    1. R. H. Coase, 2013. "The Problem of Social Cost," Journal of Law and Economics, University of Chicago Press, vol. 56(4), pages 837-877.
    2. Kahneman, Daniel & Knetsch, Jack L & Thaler, Richard H, 1990. "Experimental Tests of the Endowment Effect and the Coase Theorem," Journal of Political Economy, University of Chicago Press, vol. 98(6), pages 1325-1348, December.
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    More about this item

    Keywords

    Endowment effect; Halloween; External validity;
    All these keywords.

    JEL classification:

    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology
    • H31 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Household
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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