Replication data for: The Willingness to Pay—Willingness to Accept Gap, the \"Endowment Effect,\" Subject Misconceptions, and Experimental Procedures for Eliciting Valuations: Reply

Kathryn Zeiler & Charles R. Plott
Isoni, Loomes, and Sugden (2011) assert that Plott and Zeiler (2005) reported inaccurate results. Placing ILS's selective quotes into context demonstrates otherwise. Additionally, examining the data closely yields three conclusions. First, all mug data reject endowment effect theory. Second, lottery gaps are associated with unstable attitudes toward uncertainty, a finding consistent with PZ's (2005) lottery data description, explicit warnings about procedure limitations and the data supplement, which reports the lottery data and cautions. Third, lottery...
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