未来的禀赋效应:时间如何影响买卖价格

IF 16.4 1区 化学 Q1 CHEMISTRY, MULTIDISCIPLINARY Accounts of Chemical Research Pub Date : 2022-09-01 DOI:10.1017/s1930297500009293
Shohei Yamamoto, D. Navarro-Martinez
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引用次数: 1

摘要

以往的研究主要集中在研究当前发生的交易的禀赋效应。然而,许多现实世界的交易被推迟到未来(即,人们同意购买或出售,但实际交易直到以后才实现)。本文研究了交易时机对禀赋效应的影响。在五项研究中,我们表明,禀赋效应系统性地随着交易推迟到未来而增加。具体来说,随着交易的延迟,购买价格显著下降,而销售价格保持不变,导致禀赋效应被放大(实验1)。这种模式不是由交易中涉及的资金的折扣产生的(实验2),它适用于不同类型的物品(实验3)。我们还表明,这种现象不能用卖家预期随着时间的推移会越来越依恋这些物品来解释(实验4)。我们证明,在真实市场和真实交易的背景下,未来这种增加的禀赋效应在该领域成立(实验5)。
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The endowment effect in the future: How time shapes buying and selling prices
Previous research has focused on studying the endowment effect for transactions that take place in the present. Many real-world transactions, however, are delayed into the future (i.e., people agree to buy or sell, but the actual transaction does not materialize until a later time). Here we investigate how transaction timing affects the endowment effect. In five studies, we show that the endowment effect systematically increases as transactions are delayed into the future. Specifically, buying prices significantly decrease as the transaction is delayed, while selling prices remain constant, resulting in an amplified endowment effect (Experiment 1). This pattern is not produced by a discounting of the money involved in the transaction (Experiment 2), and it holds across different types of items (Experiment 3). We also show that the phenomenon cannot be explained by sellers anticipating becoming increasingly attached to the items over time (Experiment 4). Finally, we demonstrate that this increased endowment effect in the future holds in the field, in the context of a real market and with real transactions (Experiment 5).
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来源期刊
Accounts of Chemical Research
Accounts of Chemical Research 化学-化学综合
CiteScore
31.40
自引率
1.10%
发文量
312
审稿时长
2 months
期刊介绍: Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.
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