Are Children Better Behaved Than Adults? Age, Experience and the Endowment Effect
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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|Date of creation:||01 Feb 2001|
|Date of revision:|
|Publication status:||Published in Economics Letters, February 2001, vol. 70 no. 2, pp. 175-181|
|Contact details of provider:|| Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070|
Phone: +1 515.294.6741
Fax: +1 515.294.0221
Web page: http://www.econ.iastate.edu
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