Mispredicting the endowment effect
Mispredicting the endowment effect is a scholarly work, published in 2003 in ''Journal of Economic Behavior and Organization''. The main subjects of the publication include behavioral economics, economics, microeconomics, social preferences, endowment effect, commodity, discrete choice, value, and endowment. The authors show that underestimating the endowment effect and hence owners' selling prices can lead to suboptimal behavior in settings with economic consequences.