Editing Endowment effect (section)

==References==
{{Reflist|32em|refs=

<ref name="Thaler">{{cite journal|last1=Thaler|first1=Richard|title=Toward a positive theory of consumer choice|journal=Journal of Economic Behavior & Organization|volume=1|issue=1|year=1980|pages=39–60|doi=10.1016/0167-2681(80)90051-7|s2cid=39532776 }}</ref>

<ref name="Shogren">{{cite journal|last1=Shogren|first1=Jason F.|last2=Shin|first2=Seung Y.|last3=Hayes|first3=Dermot J.|last4=Kliebenstein|first4=James B.|title=Resolving Differences in Willingness to Pay and Willingness to Accept|journal=American Economic Review|date=1994|volume=84|issue=1|pages=255–270|jstor=2117981}}</ref>

<ref name="Hanemann">{{cite journal|last1=Hanemann|first1=W. Michael|title=Willingness To Pay and Willingness To Accept: How Much Can They Differ? Reply|journal=American Economic Review|volume=81|issue=3|year=1991|pages=635–647|jstor=2006525|doi=10.1257/000282803321455449}}</ref>

<ref name="Carmon">{{cite journal|last1=Carmon|first1=Ziv|last2=Ariely|first2=Dan|title=Focusing on the Forgone: How Value Can Appear So Different to Buyers and Sellers|journal=Journal of Consumer Research|volume=27|issue=3|year=2000|pages=360–370|doi=10.1086/317590}}</ref>

<ref name="KahnemanKnetschThaler">{{cite journal|title=Experimental Tests of the Endowment Effect and the Coase Theorem|journal=Journal of Political Economy|volume=98|issue=6|pages=1325–1348|year=1990|jstor=2937761|doi=10.1086/261737|last1=Kahneman|first1=Daniel|last2=Knetsch|first2=Jack L.|last3=Thaler|first3=Richard H.|s2cid=154889372|doi-access=free}}</ref>

<ref name="Harbaugh">{{cite journal|last1=Harbaugh|first1=William T|last2=Krause|first2=Kate|last3=Vesterlund|first3=Lise|title=Are adults better behaved than children? Age, experience, and the endowment effect|journal=Economics Letters|volume=70|issue=2|year=2001|pages=175–181|doi=10.1016/S0165-1765(00)00359-1|citeseerx=10.1.1.233.812}}</ref>

<ref name="Lakshminaryanan">{{cite journal|last1=Lakshminaryanan|first1=V.|last2=Chen|first2=M. K.|last3=Santos|first3=L. R|title=Endowment effect in capuchin monkeys|journal=Philosophical Transactions of the Royal Society B: Biological Sciences|volume=363|issue=1511|year=2008|pages=3837–3844|doi=10.1098/rstb.2008.0149|pmc=2581778|pmid=18840573}}</ref>

<ref name="Coombs">{{cite journal|last1=Coombs|first1=C.H.|last2=Bezembinder|first2=T.G.|last3=Goode|first3=F.M.|title=Testing expectation theories of decision making without measuring utility or subjective probability|journal=Journal of Mathematical Psychology|volume=4|issue=1|year=1967|pages=72–103|doi=10.1016/0022-2496(67)90042-9|hdl=2027.42/33365|hdl-access=free}}</ref>

<ref name="SlovicLichtenstein1968">{{cite journal|last1=Slovic|first1=Paul|last2=Lichtenstein|first2=Sarah|title=Relative importance of probabilities and payoffs in risk taking|journal=Journal of Experimental Psychology|volume=78|issue=3, Pt.2|year=1968|pages=1–18|doi=10.1037/h0026468}}</ref>

<ref name="Hoffman">{{cite journal|author=Hoffman, Elizabeth|author2=Spitzer, Matthew L.|year=1993|title=Willingness to Pay vs. Willingness to Accept: Legal and Economic Implications|volume=71|journal= Washington University Law Quarterly|pages=59–114|url=http://openscholarship.wustl.edu/law_lawreview/vol71/iss1/2/|issn=0043-0862}}</ref>

<ref name="KahnemanTversky1979">{{cite journal|last1=Kahneman|first1=Daniel|last2=Tversky|first2=Amos|title=Prospect Theory: An Analysis of Decision under Risk|journal=Econometrica|volume=47|issue=2|year=1979|pages=263|doi=10.2307/1914185|jstor=1914185|citeseerx=10.1.1.407.1910}}</ref>

<ref name="Morewedge2009">{{cite journal|last1=Morewedge|first1=Carey K.|last2=Shu|first2=Lisa L.|last3=Gilbert|first3=Daniel T.|last4=Wilson|first4=Timothy D.|title=Bad riddance or good rubbish? Ownership and not loss aversion causes the endowment effect|journal=Journal of Experimental Social Psychology|volume=45|issue=4|year=2009|pages=947–951|doi=10.1016/j.jesp.2009.05.014}}</ref>

<ref name="Maddux">{{cite journal |last1=Maddux |first1=William W. |last2=Yang |first2=Haiyang |last3=Falk |first3=Carl |last4=Adam |first4=Hajo |last5=Adair |first5=Wendy |last6=Endo |first6=Yumi |last7=Carmon |first7=Ziv |last8=Heine |first8=Steve J. |title=For Whom Is Parting With Possessions More Painful?: Cultural Differences in the Endowment Effect|journal=Psychological Science |volume=21 |issue=12 |year=2010 |pages=1910–1917 |doi=10.1177/0956797610388818|pmid=21097722|s2cid=16860986}}</ref>

<ref name="Harless">{{cite journal|last1=Harless |first1=David W.|title=More laboratory evidence on the disparity between willingness to pay and compensation demanded|journal=Journal of Economic Behavior & Organization|volume=11|issue=3 |year=1989|pages=359–379|doi=10.1016/0167-2681(89)90035-8}}</ref>

<ref name="Knez">{{cite journal|last1=Knez|first1=Peter |last2=Smith|first2=Vernon L.|last3=Williams |first3=Arlington W. |title=Individual Rationality, Market Rationality, and Value Estimation|journal=American Economic Review|date=1985|volume=75 |issue=2|pages=397–402|jstor=1805632}}</ref>

<ref name="Hovenkamp">{{cite journal|last1=Hovenkamp |first1=Herbert|title=Legal Policy and the Endowment Effect|journal=The Journal of Legal Studies|volume=20|issue=2|year=1991|pages=225–247|doi=10.1086/467886|s2cid=155051169}}</ref>

<ref name="Fischel">{{cite journal |last1=Fischel |first1=William A. |title=The offer/ask disparity and just compensation for takings: A constitutional choice perspective |journal=International Review of Law and Economics |volume=15 |issue=2 |year=1995 |pages=187–203 |doi=10.1016/0144-8188(94)00005-F|doi-access=free }}</ref>

<ref name="Carrots">{{cite journal |title=Carrots dressed as sticks |date=14 January 2010 |journal=Economist |volume=394 |issue=8665 |page=72 |url=http://www.economist.com/node/15271260}} Cites: {{cite journal |last1=Hossain |first1=Tanjim |last2=List |first2=John A. |title=The Behavioralist Visits the Factory: Increasing Productivity Using Simple Framing Manipulations |journal=Management Science |volume=58 |issue=12 |year=2012 |pages=2151–2167 |doi=10.1287/mnsc.1120.1544 |url=http://s3.amazonaws.com/fieldexperiments-papers2/papers/00468.pdf}}</ref>

<ref name="Huck">{{cite journal|last1=Huck|first1=Steffen |last2=Kirchsteiger|first2=Georg|last3=Oechssler|first3=Jörg |title=Learning to like what you have – explaining the endowment effect|journal=The Economic Journal|volume=115 |issue=505 |year=2005|pages=689–702 |doi=10.1111/j.1468-0297.2005.01015.x|hdl=10419/22833|s2cid=16245289 |url=https://dipot.ulb.ac.be/dspace/bitstream/2013/149578/3/2005EJ-EndowmentEffect.pdf|hdl-access=free}}</ref>

<ref name="Kanngiesser">{{cite journal |last1=Kanngiesser |first1=Patricia |last2=Santos |first2=Laurie R. |last3=Hood |first3=Bruce M. |last4=Call |first4=Josep |title=The limits of endowment effects in great apes (Pan paniscus, Pan troglodytes, Gorilla gorilla, Pongo pygmaeus) |journal=Journal of Comparative Psychology |volume=125 |issue=4 |year=2011 |pages=436–445 |doi=10.1037/a0024516|pmid=21767009}}</ref>

<ref name="KKT91">{{cite journal |last1=Kahneman |first1=Daniel |last2=Knetsch |first2=Jack L. |last3=Thaler |first3=Richard H. |title=Anomalies: The Endowment Effect, Loss Aversion, and Status Quo Bias |journal=The Journal of Economic Perspectives |volume=5 |issue=1 |year=1991 |pages=193–206 |doi=10.1257/jep.5.1.193 |doi-access=free}}</ref>
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