Are Children Better Behaved Than Adults? Age, Experience and the Endowment Effect

William Harbaugh (), Catherine Krause and Lise Vesterlund

Staff General Research Papers Archive from Iowa State University, Department of Economics

Abstract: 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.

Date: 2001-02-01
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Published in Economics Letters, February 2001, vol. 70 no. 2, pp. 175-181

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Persistent link: https://EconPapers.repec.org/RePEc:isu:genres:1950

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