Influence of the Endowment Effect on the Valuation of Goods: an Experimental Verification

• Autorzy: Magdalena Gawrońska
• Języki publikacji: EN

Abstrakty

EN

The article refers to the issue of the endowment effect, which acts as a mechanism that influences valuation. The paper's main aim is to verify the endowment effect phenomenon for branded, fast-moving consumer goods. The subject of this paper also includes examining whether short-term possession, generates the endowment effect. It also studies how the possibility of using a product influences the power of the examined phenomenon. In order to verify the proposed hypothesis, an economic experiment was used. Its results were analyzed with the use of descriptive statistics and econometric methods. The study demonstrated that the endowment effect determines the perception of goods and influences their valuation. (original abstract)

Słowa kluczowe

EN

Descriptive statistics; Econometric methodology; Valuation

PL

Statystyka opisowa; Metody ekonometryczne; Wycena

• Czasopismo: e-Finanse
• Rocznik: 2015
• Tom: 11
• Numer: nr 1
• Strony: 86--96

Twórcy

autor

Magdalena Gawrońska

• University of Warsaw

Bibliografia

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Identyfikatory

DOI

10.14636/1734-039X_11_1_009