Does Market Experience Eliminate Market Anomalies?¶
List, J. A. (2003). Does Market Experience Eliminate Market Anomalies?. Quarterly Journal of Economics, 118(1), 41-71.
Cited by¶
2 citations across 2 artifacts.
Each citation links to the sentence it supports in the citing article.
Primes¶
Domain-specific¶
- Endowment Effect
- The endowment effect is therefore not in the first instance about ownership as a legal or social category — it is about reference-point movement that physical possession operationalises, an asymmetry that persists across diverse goods for inexperienced choosers but shrinks toward the no-gap prediction as traders gain intensive market experience
This sourceField and experimental evidence that intensive market experience moves traders to the neoclassical no-gap prediction, eliminating the endowment effect.
SupportedVerified against the source
- The endowment effect is therefore not in the first instance about ownership as a legal or social category — it is about reference-point movement that physical possession operationalises, an asymmetry that persists across diverse goods for inexperienced choosers but shrinks toward the no-gap prediction as traders gain intensive market experience
Verification¶
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Registry ID ref:4636a486ac5c · see in the full table