Month: August 2018

Behavioral Econs 101: The endowment effect and loss aversion Part 2 – Experimental economics in action

Behavioral Econs 101: The endowment effect and loss aversion Part 2 – Experimental economics in action

In this fourth installment of our Behavioral Econs 101 series(for parts 1, 2 and 3, see here, here and here) we continue our discussion of the endowment effect. In Part 3, we explained how Prospect Theory helps us understand why losses feel so much more