Article 1

Article 1

This article was published in 1991 in the Journal of Economic Perspectives. The authors studied endowment affect, loss aversion, and status quo bias. It indicates that we took a lot of time for realizing that the endowment effect, the aversion to loss, and status quo bias are both significant and robust. But gain we agree that the concept is today an element of our endowment, and we are of course intended to keep hold of it. Thus, it is mainly focused on inter realtion of endowment effect and the status quo, as well as the relation of both these ...