Possession, Feelings of Ownership, and the Endowment Effect

• Main Authors: REB, Jochen, CONNOLLY, Terry
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2007
• Subjects: decision making; endowment effect; possession; psychological ownership; subjective ownership; Business; Organizational Behavior and Theory
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/2664; https://ink.library.smu.edu.sg/context/lkcsb_research/article/3663/viewcontent/PossessionEndowmentEffect_Sam.pdf
• Institution: Singapore Management University

Research in judgment and decision making generally ignores the distinction between factual and subjective feelings of ownership, tacitly assuming that the two correspond closely. The present research suggests that this assumption might be usefully reexamined. In two experiments on the endowment effe...