Sense and sensibility of ownership: Type of ownership experience and valuation of goods

Sense and sensibility of ownership: Type of ownership experience and valuation of goods

This study examined how the type of ownership experience affects the valuation of a good. We hypothesized that the sense of ownership is a psychological derivative of resource acquisition and allocation. We predicted a valuation order of stable ownership or no-ownership

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Bibliographic Details
Main Authors: WANG, Xiao-Tian, ONG, Lay See, TAN, Jolene
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2015
Subjects:
Endowment effect
Ownership experience
Loss aversion
Valuation
Pricing
Behavioral Economics
Social Psychology
Online Access:https://ink.library.smu.edu.sg/soss_research/2454
https://ink.library.smu.edu.sg/context/soss_research/article/3711/viewcontent/2015_Sense_and_sensibility_of_ownership_afv.pdf
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Institution: Singapore Management University
Language: English
Description
Summary:This study examined how the type of ownership experience affects the valuation of a good. We hypothesized that the sense of ownership is a psychological derivative of resource acquisition and allocation. We predicted a valuation order of stable ownership or no-ownership

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