Replication data for: Evolutionary Origins of the Endowment Effect: Evidence from Hunter-Gatherers
Principal Investigator(s): View help for Principal Investigator(s) Coren L. Apicella; Eduardo M. Azevedo; Nicholas A. Christakis; James H. Fowler
Version: View help for Version V1
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Project Citation:
Apicella, Coren L., Azevedo, Eduardo M., Christakis, Nicholas A., and Fowler, James H. Replication data for: Evolutionary Origins of the Endowment Effect: Evidence from Hunter-Gatherers. Nashville, TN: American Economic Association [publisher], 2014. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112829V1
Project Description
Summary:
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The endowment effect, the tendency to value possessions more
than non-possessions, is a well known departure from rational
choice and has been replicated in numerous settings. We investigate the universality of the endowment effect, its evolutionary significance, and its dependence on environmental factors. We experimentally test for the endowment effect in an isolated and evolutionarily relevant population of hunter-gatherers, the Hadza Bushmen of Northern Tanzania. We find that Hadza living in isolated regions do not display the endowment effect, while Hadza living in a geographic region with increased exposure to modern society and markets do display the endowment effect.
Scope of Project
JEL Classification:
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C93 Field Experiments
D12 Consumer Economics: Empirical Analysis
O15 Economic Development: Human Resources; Human Development; Income Distribution; Migration
C93 Field Experiments
D12 Consumer Economics: Empirical Analysis
O15 Economic Development: Human Resources; Human Development; Income Distribution; Migration
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