The Impact of Endowment Framing on Market Prices --- an Experimental Analysis
Posted: 28 May 2001
Framing effects are well known in individual decision making. Using experimental markets we investigated whether similar effects could be found in a market environment. Two series of experiments showed that negative framing can give different market prices than a positively framed endowment. We also found that volume may be affected by the framing of the endowment.
Keywords: Experimental Markets; Endowment Effect; Framing Effect
JEL Classification: C91; C92; D50; D80
Suggested Citation: Suggested Citation