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Tag:
the endowment effect

Blog

Real-world Endowment

September 20, 2012 | BY danariely
One of economists’ common critiques of the study of behavioral economics is the reliance on college students as a subject pool. The argument is that this population’s lack of real-world experience (like paying taxes, investing in stock, buying a house) makes them…
Behavioral EconomicsBehavioral Economics & Psychologyexperimentsthe endowment effect
Blog

PREDICTABLY IRRATIONAL SHORT STORY SERIES NO. 4

September 8, 2009 | BY danariely
Today we have a dark story about the very controversial topic of end of life decision making that demonstrates what we in decision making studies call the “endowment effect.” Again, this wonderful story is written by another one of my undergraduate behavioral…
Behavioral Economics & Psychologyshort storythe endowment effect

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