The Extent to Which Gender Difference Influences the Degree of Subjection to the Endowment Effect—An Empirical Finding
- DOI
- 10.2991/aebmr.k.201128.024How to use a DOI?
- Keywords
- endowment effect, loss aversion, male, female
- Abstract
The maximum price that someone is willing to pay for a good is usually much less than the minimum price that the person is willing to accept to give up the same good (the WTA-WTP gap). This is known at the endowment effect. Loss aversion is the main reason of endowment effect. This study investigates whether gender differences affect the degree of subjection to the endowment effect, and if they do, to what extent. The experiment measures the WTA-WTP gap for male and female respectively. The result shows that the female generally display a larger WTA-WTP gap than male, hence showing that they are more subjected to the endowment effect. Future research may gain more understanding on the factors that influence the strength of endowment effect.
- Copyright
- © 2020, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Zhengzhuo Li PY - 2020 DA - 2020/11/30 TI - The Extent to Which Gender Difference Influences the Degree of Subjection to the Endowment Effect—An Empirical Finding BT - Proceedings of the 2020 2nd International Conference on Economic Management and Cultural Industry (ICEMCI 2020) PB - Atlantis Press SP - 120 EP - 124 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.201128.024 DO - 10.2991/aebmr.k.201128.024 ID - Li2020 ER -