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/).

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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  -