Unpacking buyer-seller differences in valuation from experience: A cognitive modeling approach
Psychonomic Bulletin & ReviewPublished in: Psychonomic Bulletin & Review, Volume 24, Issue 6, December 2017, 1742-1773 Abstract “People often indicate a higher price for an object when they own it (i.e., as sellers) than when they do not (i.e., as buyers)—a phenomenon known as the endowment effect. We develop a cognitive modeling approach to formalize, disentangle, and compare alternative psychological […]