An Economic Psychological Experiment : Individualism-Collectivism, Perspective Taking, and Real and Hypothetical Endowment Effects

ISBN-13: 9783846546376 / Angielski / Miękka / 2011 / 76 str.

Ulas Basar Gezgin

Opis

In this study conducted in Bo aziçi University with 121 In this study conducted in Bo aziçi University with 121 participants, the psychological correlates of the endowment effect are probed. The endowment effect is the asymmetry between the amount that a given individual would like to pay for a certain good and the amount that this individual would like to accept to sell the same good. There are two types of endowment effect: The real endowment effect is the one observed in real or simulated economies, while the hypothetical endowment effect is the one exhibited for imaginary situatiofect is the one observed in real or simulated economies, while the hypothetical endowment effect is the one exhibited for imaginary situations Individualism-Collectivism and perspective taking are considered as psychological correlates of the endowment effect in this study. The study shows that there is at least some relationship between the real endowment effect and perspective taking and that individualism-collectivism is significantly correlated with perspective taking.

O autorze

Dr.Gezgin holds a B.A. in educational sciences (2000), an M.A. in social/economic psychology (2002), a PhD in cognitive science (psychology and linguistics) (2006), an unearned PhD degree in political anthropology in New Zealand, and an M.S. in international urban development planning at a German university (2011). He is an economics lecturer.