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Article: Impact of ownership on liking and value: Replications and extensions of three ownership effect experiments
Title | Impact of ownership on liking and value: Replications and extensions of three ownership effect experiments |
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Authors | |
Keywords | Ownership Ownership effect Subjective valuation Judgment and decision-making Replication |
Issue Date | 2020 |
Publisher | Academic Press. The Journal's web site is located at http://www.elsevier.com/locate/jesp |
Citation | Journal of Experimental Social Psychology, 2020, v. 89, article no. 103972 How to Cite? |
Abstract | The ownership effect is the phenomenon that owning an object increases liking and perceived value of that object (Beggan, 1992). We conducted close replications of three ownership effect experiments using different paradigms in two data collections (MTurk, total n = 1312). We successfully replicated Nuttin's (1987) name-letter effect with participants rating a higher liking for letters of the alphabet included in their first names (vs. letters not included) (Study 1: d = 1.08 to 1.42). We found partial support for Mandel (2002), with participants indicating higher price for an object when they were the owners (vs. non-owners) (original: d = 0.50; Study 3a: d = 0.65; Study 3b: d = 0.49), but mixed findings regarding the hypothesized moderator. Finally, we failed to find support for Irmak, Wakslak, and Trope's (2013) study that showed differences in prices set by sellers/owners and buyers (original: d = 0.99; Study 2a: d = 0.10; Study 2b: d = 0.01 to 0.06). Our results suggest that ownership effects may depend on the paradigm of choice. We discuss potential moderators of the ownership effect and suggest future research directions. Materials, datasets, and code are available on https://osf.io/2cg3e/. |
Persistent Identifier | http://hdl.handle.net/10722/295467 |
ISSN | 2023 Impact Factor: 3.2 2023 SCImago Journal Rankings: 1.841 |
ISI Accession Number ID |
DC Field | Value | Language |
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dc.contributor.author | Ziano, I | - |
dc.contributor.author | Yao, JD | - |
dc.contributor.author | Gao, Y | - |
dc.contributor.author | Feldman, G | - |
dc.date.accessioned | 2021-01-25T11:15:20Z | - |
dc.date.available | 2021-01-25T11:15:20Z | - |
dc.date.issued | 2020 | - |
dc.identifier.citation | Journal of Experimental Social Psychology, 2020, v. 89, article no. 103972 | - |
dc.identifier.issn | 0022-1031 | - |
dc.identifier.uri | http://hdl.handle.net/10722/295467 | - |
dc.description.abstract | The ownership effect is the phenomenon that owning an object increases liking and perceived value of that object (Beggan, 1992). We conducted close replications of three ownership effect experiments using different paradigms in two data collections (MTurk, total n = 1312). We successfully replicated Nuttin's (1987) name-letter effect with participants rating a higher liking for letters of the alphabet included in their first names (vs. letters not included) (Study 1: d = 1.08 to 1.42). We found partial support for Mandel (2002), with participants indicating higher price for an object when they were the owners (vs. non-owners) (original: d = 0.50; Study 3a: d = 0.65; Study 3b: d = 0.49), but mixed findings regarding the hypothesized moderator. Finally, we failed to find support for Irmak, Wakslak, and Trope's (2013) study that showed differences in prices set by sellers/owners and buyers (original: d = 0.99; Study 2a: d = 0.10; Study 2b: d = 0.01 to 0.06). Our results suggest that ownership effects may depend on the paradigm of choice. We discuss potential moderators of the ownership effect and suggest future research directions. Materials, datasets, and code are available on https://osf.io/2cg3e/. | - |
dc.language | eng | - |
dc.publisher | Academic Press. The Journal's web site is located at http://www.elsevier.com/locate/jesp | - |
dc.relation.ispartof | Journal of Experimental Social Psychology | - |
dc.rights | This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License. | - |
dc.subject | Ownership | - |
dc.subject | Ownership effect | - |
dc.subject | Subjective valuation | - |
dc.subject | Judgment and decision-making | - |
dc.subject | Replication | - |
dc.title | Impact of ownership on liking and value: Replications and extensions of three ownership effect experiments | - |
dc.type | Article | - |
dc.identifier.email | Feldman, G: gfeldman@hku.hk | - |
dc.identifier.authority | Feldman, G=rp02342 | - |
dc.description.nature | postprint | - |
dc.identifier.doi | 10.1016/j.jesp.2020.103972 | - |
dc.identifier.scopus | eid_2-s2.0-85085122180 | - |
dc.identifier.hkuros | 320963 | - |
dc.identifier.volume | 89 | - |
dc.identifier.spage | article no. 103972 | - |
dc.identifier.epage | article no. 103972 | - |
dc.identifier.isi | WOS:000537856100003 | - |
dc.publisher.place | United States | - |
dc.identifier.issnl | 0022-1031 | - |