摘要
禀赋效应是行为金融学的一个理论分支,指当个人一旦拥有某项物品,那么他对该物品价值的评价要比未拥有之前大大增加。这一现象可以用“损失厌恶”理论来解释。由于禀赋效应的存在,传统经济学中的无差异曲线的性质将被修正,科斯定理的结论也受到了挑战。文章通过试验经济学的方法介绍了禀赋效应,阐述了这一现象对经济学理论的影响,分析了禀赋效应对政府决策的指导意义,并利用这一理论对一些客观经济现象进行了解释。
Endowment effect is a part of Behavioral finance theory which means the increased value of a good to an individual when the good becomes part of the individual＇s endowment. This phenomenon can be explained by loss aversion. Indifference curve and Coase theorem should be corrected for the reason of endowment effect.
We introduce endowment effect by the way of experimental economics firstly. Then, the effect of this phenomenon on economy theories is discussed. At last, we discuss the meaning of endowment effect on governments, decision-making and explain some objective economic phenomenon.
出处
《上海立信会计学院学报》
2006年第1期53-57,共5页
Journal of Shanghai Lixin University of Commerce
关键词
行为金融学
禀赋效应
损失厌恶
科斯定理
behavioral finance
endowment effect
loss aversion
coase theorem
