The relationship between endowment and ownership effects in memory across cultures
| Autor: | Alexandra Walford, Lucy Vernon, Philip Collard, David J. Turk, Fumihiko Itagaki |
|---|---|
| Rok vydání: | 2020 |
| Předmět: |
Adult
Cross-Cultural Comparison Male Endowment Cognitive Neuroscience ownership Experimental and Cognitive Psychology Brain and Behaviour 050105 experimental psychology Young Adult endowment effect 03 medical and health sciences 0302 clinical medicine Japan Arts and Humanities (miscellaneous) Memory Developmental and Educational Psychology Added value Humans 0501 psychology and cognitive sciences Valuation (finance) Self construal self-construal Ownership 05 social sciences Self Concept United Kingdom culture Cognitive Science Female Demographic economics Psychology 030217 neurology & neurosurgery Endowment effect |
| Zdroj: | Collard, P, Walford, A, Vernon, L, Itagaki, F & Turk, D 2020, ' The relationship between endowment and ownership effects in memory across cultures ', Consciousness and Cognition, vol. 78, 102865 . https://doi.org/10.1016/j.concog.2019.102865 |
| ISSN: | 1053-8100 |
| DOI: | 10.1016/j.concog.2019.102865 |
| Popis: | An object one owns is typically more highly valued than an equivalent object owned by another person. This endowment effect has been attributed to the aversion of loss of one's possessions (through selling), or the added value of an item due to self-association (through owning). To date, investigation of these mechanisms has been hampered by the between-subjects methodology traditionally employed to measure endowment. Over two experiments, we report a novel within-subjects method for measuring an endowment bias. In these studies, Western participants showed enhanced valuation of owned items, whereas East-Asian participants did not. This endowment bias also correlated with the ownership effect in memory (a measure of self-referential processing) in Western, but not East-Asian participants. Our results suggest that the endowment effect is partly predicated on the same factors that influence the ownership effect and that this commonality is likely linked to conceptions of ownership specifically, and self-concept more generally. |
| Databáze: | OpenAIRE |
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