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The Theory and Robust Check Name Institution Affiliation Several research and proposals regarding endowment effect been done over the years since 1985 by economists. It has been found that human decision making is based on the goods which are already in their possession. It was also found that the pain humans experience in giving up the good in their possession supersedes the experience of acquiring the new or identical product. In other words, this tendency can be referred to as “To have and To Hold.” Therefore, this is not the first research on the endowment-effect study. Previous authors had identified that this huge difference between WTP and WTA might be reduced or rather disappear depending on the goods features. The paper mainly analyses the circumstances under which the relevant theories affect the exchange asymmetries. The main contribution is thus to provide evidence that endowment effect can also be observed in financially-framed trading platforms which had been ...
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