Experimental tests of the endowment effect
Article Abstract:
The experimental procedures developed by Kahneman, Knetsch and Thaler (KKT) for identifying an endowment effect are examined through responses that discard all reference to purchasing, selling and prices. Outcomes show the willingness-to-pay/willingness-to-accept discrepancy is not as great as previous research has shown. Results show KKT use of different instructional descriptions results in exaggeration of seller's willingness to accept. However, their endowment effect is supported by this study.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 1996
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Adopted voice
Article Abstract:
Author Chang-rae Lee migrated to the US with the rest of his family in 1968, when he was just three years old. His works feature Asian-Americans who have difficulty assimilating into their lives. His first novel, 'Native Speaker,' was well-received, and his second novel, 'A Gesture Life,' has also received critical acclaim.
Publication Name: The New York Times Book Review
Subject: Business, general
ISSN: 0028-7806
Year: 1999
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Holding onto Your High-Talent Professionals
Article Abstract:
Human resource planning can help reduce turnover of new technical graduates and high-talent professionals. The first year cost of hiring and orienting the new Ph.D. graduates has been estimated at $50,000 plus. But if new grads are not constantly stimulated, they tend to quit.
Publication Name: Research Management
Subject: Engineering and manufacturing industries
ISSN: 0034-5334
Year: 1984
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