The Analysis on the Endowment Effect
- DOI
- 10.2991/978-94-6463-052-7_66How to use a DOI?
- Keywords
- Endowment effect; Coase Theorem; Value
- Abstract
The endowment effect is very common in real life, and it can affect people’s life in many aspects. It can affect the market efficiency, causing the consumers to have an extra cost and an opportunity cost, which will have a bad effect on society, and influence the government in making decisions. So in order to solve these problems, studying the endowment effect seems very important. And these experiments will mainly focus on how the endowment effect may affect the people. This paper will mainly focus on three experiments, and they all show that when people once own an object, the value of the object in their opinion will increase a lot, but that object needs to be an item with real value, not like currency or voucher that kind of thing which does not have a real value.
- Copyright
- © 2022 The Author(s)
- Open Access
- Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.
Cite this article
TY - CONF AU - Linghan Yi PY - 2022 DA - 2022/12/27 TI - The Analysis on the Endowment Effect BT - Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022) PB - Atlantis Press SP - 566 EP - 571 SN - 2352-5428 UR - https://doi.org/10.2991/978-94-6463-052-7_66 DO - 10.2991/978-94-6463-052-7_66 ID - Yi2022 ER -