The endowment effect is the tendency for people who own a good to value it more than
people who do not. Its economic impact is consequential. It creates market inefficiencies and …

This article proposes contemporary best-practice recommendations for stated preference
(SP) studies used to inform decision making, grounded in the accumulated body of peer …

Digital goods are, in many cases, substantive innovations relative to their physical
counterparts. Yet, in five experiments, people ascribed less value to digital than to physical …

Economics is increasingly using process data to make novel inferences about preferences
and predictions of choices. The measurement of response time (RT), the amount of time it …

Rising consumer demand for online food delivery has increased the consumption of
disposable cutlery, leading to plastic pollution worldwide. In this work, we investigate the …

Loss aversion is one of the most widely used concepts in behavioral economics. We conduct
a large-scale, interdisciplinary meta-analysis to systematically accumulate knowledge from …

Loss aversion can occur in riskless and risky choices. We present novel evidence on both in
a non-student sample (660 randomly selected customers of a car manufacturer). We …

There is growing interest in the use of loss contracts that offer performance incentives as up-
front payments that employees can lose. Standard behavioral models predict a trade-off in …

We examine how owning a good affects learning and beliefs about its quality. We show that
people have more extreme reactions to information about a good they own compared with …

We propose and develop a dynamic theory of endogenous preference formation in which
people adopt worldviews that shape their judgments about their experiences. The …