Data for: Exchange asymmetries for bads? Experimental evidence

Published: 9 December 2016| Version 1 | DOI: 10.17632/hmzb242m3t.1
Contributor:
Markus Dertwinkel-Kalt

Description

Abstract of associated article: This study provides the first incentivized test of exchange asymmetries for unpleasant items, the so-called bads. While prospect theory predicts an endowment effect for goods and bads, attention-based theories predict an endowment effect for goods, but a reverse exchange asymmetry (that is, a particularly high willingness to switch) for bads. The investigation of exchange asymmetries for bads is a key element to distinguish between the validity of loss aversion- and attention-based theories. As we find a strong endowment effect for bads, our results speak in favor of prospect theory.

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Economics, Macroeconomics

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