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

• 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
• Institution: Singapore Management University

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