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

William Harbaugh (wtharbaugh@gmail.com), 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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Citations: View citations in EconPapers (29)

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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