Alistair Munro and Danail Popov (2009) A Missing Link in Behavioural Economics? A Portmanteau Experiment on the Relevance of Individual Decision Anomalies for Households..
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Although households are responsible for many important decisions, they have rarely been the subject of economics experiments. We conduct a series of linked and incentivized experiments on decision-making, designed to see if the anomalies typically found in individual choice experiments are found when the subjects are couples from long-term relationships. Specifically we investigate the endowment effect, the compromise effect, asymmetric dominance and the ‘more is less’ phenomena. Comparing the results with two control groups (students and non-student individuals) we find broadly the same pattern of anomalies in individuals as we do in couples. Thus behavioural patterns that appear in individual choices appear relevant for decisions made by established couples.
This is a Accepted version This version's date is: 2009 This item is not peer reviewed
https://repository.royalholloway.ac.uk/items/4b81cbab-99b7-0cac-c6b9-45cd0d9e7fcd/1/
Deposited by Leanne Workman (UXYL007) on 11-Oct-2012 in Royal Holloway Research Online.Last modified on 11-Oct-2012
©2009 Alistair Munro & Danail Popov. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit including © notice, is given to the source.