ENDOWMENT EFFECT, "STATUS QUO" BIAS AND CONTINGENT VALUATION

Contingent valuation of public goods (or bads) is strongly biased due to the endowment effect and/or the status quo bias. On one hand the estimates of willingness to pay are kept low by the endowment effect for the money the subject is asked to pay. On the other hand estimates of willingness to acce...

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Veröffentlicht in:	Rivista internazionale di scienze sociali 2003-07, Vol.111 (3), p.397-407
Hauptverfasser:	ORTONA, GUIDO, SCACCIATI, FRANCESCO
Format:	Artikel
Sprache:	eng
Schlagworte:	Endowment effect Fall lines Loss aversion Money Public goods Slope of a line Status quo bias Valuation
Online-Zugang:	Volltext
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