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Eliciting the Endowment Effect under Assigned Ownership

Patrick Barranger, Rohit Nair, Rob Mulla and Shane Conner

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Abstract: In this study we present evidence that endowment effect can be elicited merely by assigned ownership. Using Google Customer Survey, we administered a survey were participants (n=495) were randomly split into 4 groups. Each group was assigned ownership of either legroom or their ability to recline on an airline. Using this experiment setup we were able to generate endowment effect, a 15-20x (at p

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Date: 2018-09, Revised 2018-10
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