Are adults better behaved than children? Age, experience, and the endowment effect

Authors
Harbaugh, WT Krause, K Vesterlund, L
Citation
Wt. Harbaugh et al., Are adults better behaved than children? Age, experience, and the endowment effect, ECON LETT, 70(2), 2001, pp. 175-181
Citations number
8
Categorie Soggetti
Economics
Journal title
ECONOMICS LETTERS
ISSN journal
01651765 → ACNP
Volume
70
Issue
2
Year of publication
2001
Pages
175 - 181
Database
ISI
SICI code
0165-1765(200102)70:2<175:AABBTC>2.0.ZU;2-K
Abstract
We find that large increases in age do not reduce the endowment effect, sup porting the hypothesis that people have reference-dependent preferences whi ch are not changed by repeated experience getting and giving up goods. (C) 2001 Elsevier Science B.V. All rights reserved.