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Keywords: Contingent valuation
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Journal Articles
Why the endowment effect reflects unbiased smart decision-making and can increase the willingness to trade
Available to Purchase
Journal:
Review of Behavioral Economics
Review of Behavioral Economics 1–15.
Published: 09 June 2026
... characteristics theory, it argues that post-possession valuation shifts reflect new, utility-enhancing attributes such as familiarity, identity and control. This revisionist account challenges the standard behavioural economics narrative and reshapes our understanding of contingent valuation, emphasizing the need...
