The endowment effect and the trading of draft picks in major professional U.S. sports

Gespeichert in:

Autor*in:	Hobbs, Jeff [verfasserIn] Vivek Singh [verfasserIn]

Format:	E-Artikel
Sprache:	Englisch

Erschienen:	2022

Schlagwörter:	behavioral economics endowment effect sports economics

Übergeordnetes Werk:	Enthalten in: Economic inquiry - Hoboken, NJ : Wiley-Blackwell, 1962, 60(2022), 4 vom: Okt., Seite 1929-1942
Übergeordnetes Werk:	volume:60 ; year:2022 ; number:4 ; month:10 ; pages:1929-1942

Links:	Link aufrufen Link aufrufen

DOI / URN:	10.1111/ecin.13102

Katalog-ID:	1818893215

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allfields	10.1111/ecin.13102 doi (DE-627)1818893215 (DE-599)KXP1818893215 DE-627 ger DE-627 rda eng Hobbs, Jeff verfasserin (DE-588)1271912872 (DE-627)1820681769 aut The endowment effect and the trading of draft picks in major professional U.S. sports Jeff Hobbs, Vivek Singh 2022 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier behavioral economics (dpeaa)DE-206 endowment effect (dpeaa)DE-206 sports economics (dpeaa)DE-206 Vivek Singh verfasserin (DE-588)1047774992 (DE-627)779192184 (DE-576)401586960 aut Enthalten in Economic inquiry Hoboken, NJ : Wiley-Blackwell, 1962 60(2022), 4 vom: Okt., Seite 1929-1942 Online-Ressource (DE-627)320567516 (DE-600)2016121-9 (DE-576)090955536 1465-7295 nnns volume:60 year:2022 number:4 month:10 pages:1929-1942 https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/ecin.13102 Verlag kostenfrei https://doi.org/10.1111/ecin.13102 Resolving-System kostenfrei GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_105 GBV_ILN_110 GBV_ILN_120 GBV_ILN_138 GBV_ILN_150 GBV_ILN_151 GBV_ILN_161 GBV_ILN_165 GBV_ILN_170 GBV_ILN_171 GBV_ILN_184 GBV_ILN_187 GBV_ILN_206 GBV_ILN_213 GBV_ILN_224 GBV_ILN_230 GBV_ILN_266 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_636 GBV_ILN_702 GBV_ILN_2001 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2006 GBV_ILN_2007 GBV_ILN_2008 GBV_ILN_2009 GBV_ILN_2010 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2026 GBV_ILN_2027 GBV_ILN_2031 GBV_ILN_2034 GBV_ILN_2037 GBV_ILN_2038 GBV_ILN_2039 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2055 GBV_ILN_2056 GBV_ILN_2057 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2068 GBV_ILN_2088 GBV_ILN_2093 GBV_ILN_2106 GBV_ILN_2108 GBV_ILN_2110 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2113 GBV_ILN_2118 GBV_ILN_2119 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2144 GBV_ILN_2147 GBV_ILN_2148 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2232 GBV_ILN_2336 GBV_ILN_2470 GBV_ILN_2472 GBV_ILN_2507 GBV_ILN_2522 GBV_ILN_2548 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4046 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4242 GBV_ILN_4246 GBV_ILN_4249 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4335 GBV_ILN_4336 GBV_ILN_4338 GBV_ILN_4393 GBV_ILN_4700 GBV_ILN_2403 GBV_ILN_2403 ISIL_DE-LFER AR 60 2022 4 10 1929-1942 26 01 0206 4197008511 x1z 13-10-22 2403 01 DE-LFER 4209864455 00 --%%-- --%%-- n --%%-- l01 12-11-22 2403 01 DE-LFER https://doi.org/10.1111/ecin.13102 2403 01 DE-LFER https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/ecin.13102 26 00 DE-206 Several studies have examined the endowment effect. Others have documented the influence of behavioral economics in sports. However, there exists little research on the endowment effect in sports. We study this phenomenon through the trading of draft picks in three major professional sporting organizations: the National Basketball Association, National Football League, and National Hockey League. We find strong evidence of the endowment effect overall and varying degrees of it across leagues. We find that it exists beyond information asymmetries, differences in trading activity, the prior short-term trading relationships of the teams involved and the desire of non-endowed, one-time owners of picks to repurchase those picks.
spelling	10.1111/ecin.13102 doi (DE-627)1818893215 (DE-599)KXP1818893215 DE-627 ger DE-627 rda eng Hobbs, Jeff verfasserin (DE-588)1271912872 (DE-627)1820681769 aut The endowment effect and the trading of draft picks in major professional U.S. sports Jeff Hobbs, Vivek Singh 2022 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier behavioral economics (dpeaa)DE-206 endowment effect (dpeaa)DE-206 sports economics (dpeaa)DE-206 Vivek Singh verfasserin (DE-588)1047774992 (DE-627)779192184 (DE-576)401586960 aut Enthalten in Economic inquiry Hoboken, NJ : Wiley-Blackwell, 1962 60(2022), 4 vom: Okt., Seite 1929-1942 Online-Ressource (DE-627)320567516 (DE-600)2016121-9 (DE-576)090955536 1465-7295 nnns volume:60 year:2022 number:4 month:10 pages:1929-1942 https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/ecin.13102 Verlag kostenfrei https://doi.org/10.1111/ecin.13102 Resolving-System kostenfrei GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_105 GBV_ILN_110 GBV_ILN_120 GBV_ILN_138 GBV_ILN_150 GBV_ILN_151 GBV_ILN_161 GBV_ILN_165 GBV_ILN_170 GBV_ILN_171 GBV_ILN_184 GBV_ILN_187 GBV_ILN_206 GBV_ILN_213 GBV_ILN_224 GBV_ILN_230 GBV_ILN_266 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_636 GBV_ILN_702 GBV_ILN_2001 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2006 GBV_ILN_2007 GBV_ILN_2008 GBV_ILN_2009 GBV_ILN_2010 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2026 GBV_ILN_2027 GBV_ILN_2031 GBV_ILN_2034 GBV_ILN_2037 GBV_ILN_2038 GBV_ILN_2039 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2055 GBV_ILN_2056 GBV_ILN_2057 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2068 GBV_ILN_2088 GBV_ILN_2093 GBV_ILN_2106 GBV_ILN_2108 GBV_ILN_2110 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2113 GBV_ILN_2118 GBV_ILN_2119 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2144 GBV_ILN_2147 GBV_ILN_2148 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2232 GBV_ILN_2336 GBV_ILN_2470 GBV_ILN_2472 GBV_ILN_2507 GBV_ILN_2522 GBV_ILN_2548 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4046 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4242 GBV_ILN_4246 GBV_ILN_4249 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4335 GBV_ILN_4336 GBV_ILN_4338 GBV_ILN_4393 GBV_ILN_4700 GBV_ILN_2403 GBV_ILN_2403 ISIL_DE-LFER AR 60 2022 4 10 1929-1942 26 01 0206 4197008511 x1z 13-10-22 2403 01 DE-LFER 4209864455 00 --%%-- --%%-- n --%%-- l01 12-11-22 2403 01 DE-LFER https://doi.org/10.1111/ecin.13102 2403 01 DE-LFER https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/ecin.13102 26 00 DE-206 Several studies have examined the endowment effect. Others have documented the influence of behavioral economics in sports. However, there exists little research on the endowment effect in sports. We study this phenomenon through the trading of draft picks in three major professional sporting organizations: the National Basketball Association, National Football League, and National Hockey League. We find strong evidence of the endowment effect overall and varying degrees of it across leagues. We find that it exists beyond information asymmetries, differences in trading activity, the prior short-term trading relationships of the teams involved and the desire of non-endowed, one-time owners of picks to repurchase those picks.
allfields_unstemmed	10.1111/ecin.13102 doi (DE-627)1818893215 (DE-599)KXP1818893215 DE-627 ger DE-627 rda eng Hobbs, Jeff verfasserin (DE-588)1271912872 (DE-627)1820681769 aut The endowment effect and the trading of draft picks in major professional U.S. sports Jeff Hobbs, Vivek Singh 2022 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier behavioral economics (dpeaa)DE-206 endowment effect (dpeaa)DE-206 sports economics (dpeaa)DE-206 Vivek Singh verfasserin (DE-588)1047774992 (DE-627)779192184 (DE-576)401586960 aut Enthalten in Economic inquiry Hoboken, NJ : Wiley-Blackwell, 1962 60(2022), 4 vom: Okt., Seite 1929-1942 Online-Ressource (DE-627)320567516 (DE-600)2016121-9 (DE-576)090955536 1465-7295 nnns volume:60 year:2022 number:4 month:10 pages:1929-1942 https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/ecin.13102 Verlag kostenfrei https://doi.org/10.1111/ecin.13102 Resolving-System kostenfrei GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_105 GBV_ILN_110 GBV_ILN_120 GBV_ILN_138 GBV_ILN_150 GBV_ILN_151 GBV_ILN_161 GBV_ILN_165 GBV_ILN_170 GBV_ILN_171 GBV_ILN_184 GBV_ILN_187 GBV_ILN_206 GBV_ILN_213 GBV_ILN_224 GBV_ILN_230 GBV_ILN_266 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_636 GBV_ILN_702 GBV_ILN_2001 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2006 GBV_ILN_2007 GBV_ILN_2008 GBV_ILN_2009 GBV_ILN_2010 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2026 GBV_ILN_2027 GBV_ILN_2031 GBV_ILN_2034 GBV_ILN_2037 GBV_ILN_2038 GBV_ILN_2039 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2055 GBV_ILN_2056 GBV_ILN_2057 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2068 GBV_ILN_2088 GBV_ILN_2093 GBV_ILN_2106 GBV_ILN_2108 GBV_ILN_2110 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2113 GBV_ILN_2118 GBV_ILN_2119 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2144 GBV_ILN_2147 GBV_ILN_2148 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2232 GBV_ILN_2336 GBV_ILN_2470 GBV_ILN_2472 GBV_ILN_2507 GBV_ILN_2522 GBV_ILN_2548 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4046 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4242 GBV_ILN_4246 GBV_ILN_4249 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4335 GBV_ILN_4336 GBV_ILN_4338 GBV_ILN_4393 GBV_ILN_4700 GBV_ILN_2403 GBV_ILN_2403 ISIL_DE-LFER AR 60 2022 4 10 1929-1942 26 01 0206 4197008511 x1z 13-10-22 2403 01 DE-LFER 4209864455 00 --%%-- --%%-- n --%%-- l01 12-11-22 2403 01 DE-LFER https://doi.org/10.1111/ecin.13102 2403 01 DE-LFER https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/ecin.13102 26 00 DE-206 Several studies have examined the endowment effect. Others have documented the influence of behavioral economics in sports. However, there exists little research on the endowment effect in sports. We study this phenomenon through the trading of draft picks in three major professional sporting organizations: the National Basketball Association, National Football League, and National Hockey League. We find strong evidence of the endowment effect overall and varying degrees of it across leagues. We find that it exists beyond information asymmetries, differences in trading activity, the prior short-term trading relationships of the teams involved and the desire of non-endowed, one-time owners of picks to repurchase those picks.
allfieldsGer	10.1111/ecin.13102 doi (DE-627)1818893215 (DE-599)KXP1818893215 DE-627 ger DE-627 rda eng Hobbs, Jeff verfasserin (DE-588)1271912872 (DE-627)1820681769 aut The endowment effect and the trading of draft picks in major professional U.S. sports Jeff Hobbs, Vivek Singh 2022 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier behavioral economics (dpeaa)DE-206 endowment effect (dpeaa)DE-206 sports economics (dpeaa)DE-206 Vivek Singh verfasserin (DE-588)1047774992 (DE-627)779192184 (DE-576)401586960 aut Enthalten in Economic inquiry Hoboken, NJ : Wiley-Blackwell, 1962 60(2022), 4 vom: Okt., Seite 1929-1942 Online-Ressource (DE-627)320567516 (DE-600)2016121-9 (DE-576)090955536 1465-7295 nnns volume:60 year:2022 number:4 month:10 pages:1929-1942 https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/ecin.13102 Verlag kostenfrei https://doi.org/10.1111/ecin.13102 Resolving-System kostenfrei GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_105 GBV_ILN_110 GBV_ILN_120 GBV_ILN_138 GBV_ILN_150 GBV_ILN_151 GBV_ILN_161 GBV_ILN_165 GBV_ILN_170 GBV_ILN_171 GBV_ILN_184 GBV_ILN_187 GBV_ILN_206 GBV_ILN_213 GBV_ILN_224 GBV_ILN_230 GBV_ILN_266 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_636 GBV_ILN_702 GBV_ILN_2001 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2006 GBV_ILN_2007 GBV_ILN_2008 GBV_ILN_2009 GBV_ILN_2010 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2026 GBV_ILN_2027 GBV_ILN_2031 GBV_ILN_2034 GBV_ILN_2037 GBV_ILN_2038 GBV_ILN_2039 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2055 GBV_ILN_2056 GBV_ILN_2057 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2068 GBV_ILN_2088 GBV_ILN_2093 GBV_ILN_2106 GBV_ILN_2108 GBV_ILN_2110 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2113 GBV_ILN_2118 GBV_ILN_2119 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2144 GBV_ILN_2147 GBV_ILN_2148 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2232 GBV_ILN_2336 GBV_ILN_2470 GBV_ILN_2472 GBV_ILN_2507 GBV_ILN_2522 GBV_ILN_2548 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4046 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4242 GBV_ILN_4246 GBV_ILN_4249 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4335 GBV_ILN_4336 GBV_ILN_4338 GBV_ILN_4393 GBV_ILN_4700 GBV_ILN_2403 GBV_ILN_2403 ISIL_DE-LFER AR 60 2022 4 10 1929-1942 26 01 0206 4197008511 x1z 13-10-22 2403 01 DE-LFER 4209864455 00 --%%-- --%%-- n --%%-- l01 12-11-22 2403 01 DE-LFER https://doi.org/10.1111/ecin.13102 2403 01 DE-LFER https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/ecin.13102 26 00 DE-206 Several studies have examined the endowment effect. Others have documented the influence of behavioral economics in sports. However, there exists little research on the endowment effect in sports. We study this phenomenon through the trading of draft picks in three major professional sporting organizations: the National Basketball Association, National Football League, and National Hockey League. We find strong evidence of the endowment effect overall and varying degrees of it across leagues. We find that it exists beyond information asymmetries, differences in trading activity, the prior short-term trading relationships of the teams involved and the desire of non-endowed, one-time owners of picks to repurchase those picks.
allfieldsSound	10.1111/ecin.13102 doi (DE-627)1818893215 (DE-599)KXP1818893215 DE-627 ger DE-627 rda eng Hobbs, Jeff verfasserin (DE-588)1271912872 (DE-627)1820681769 aut The endowment effect and the trading of draft picks in major professional U.S. sports Jeff Hobbs, Vivek Singh 2022 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier behavioral economics (dpeaa)DE-206 endowment effect (dpeaa)DE-206 sports economics (dpeaa)DE-206 Vivek Singh verfasserin (DE-588)1047774992 (DE-627)779192184 (DE-576)401586960 aut Enthalten in Economic inquiry Hoboken, NJ : Wiley-Blackwell, 1962 60(2022), 4 vom: Okt., Seite 1929-1942 Online-Ressource (DE-627)320567516 (DE-600)2016121-9 (DE-576)090955536 1465-7295 nnns volume:60 year:2022 number:4 month:10 pages:1929-1942 https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/ecin.13102 Verlag kostenfrei https://doi.org/10.1111/ecin.13102 Resolving-System kostenfrei GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_105 GBV_ILN_110 GBV_ILN_120 GBV_ILN_138 GBV_ILN_150 GBV_ILN_151 GBV_ILN_161 GBV_ILN_165 GBV_ILN_170 GBV_ILN_171 GBV_ILN_184 GBV_ILN_187 GBV_ILN_206 GBV_ILN_213 GBV_ILN_224 GBV_ILN_230 GBV_ILN_266 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_636 GBV_ILN_702 GBV_ILN_2001 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2006 GBV_ILN_2007 GBV_ILN_2008 GBV_ILN_2009 GBV_ILN_2010 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2026 GBV_ILN_2027 GBV_ILN_2031 GBV_ILN_2034 GBV_ILN_2037 GBV_ILN_2038 GBV_ILN_2039 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2055 GBV_ILN_2056 GBV_ILN_2057 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2068 GBV_ILN_2088 GBV_ILN_2093 GBV_ILN_2106 GBV_ILN_2108 GBV_ILN_2110 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2113 GBV_ILN_2118 GBV_ILN_2119 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2144 GBV_ILN_2147 GBV_ILN_2148 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2232 GBV_ILN_2336 GBV_ILN_2470 GBV_ILN_2472 GBV_ILN_2507 GBV_ILN_2522 GBV_ILN_2548 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4046 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4242 GBV_ILN_4246 GBV_ILN_4249 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4335 GBV_ILN_4336 GBV_ILN_4338 GBV_ILN_4393 GBV_ILN_4700 GBV_ILN_2403 GBV_ILN_2403 ISIL_DE-LFER AR 60 2022 4 10 1929-1942 26 01 0206 4197008511 x1z 13-10-22 2403 01 DE-LFER 4209864455 00 --%%-- --%%-- n --%%-- l01 12-11-22 2403 01 DE-LFER https://doi.org/10.1111/ecin.13102 2403 01 DE-LFER https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/ecin.13102 26 00 DE-206 Several studies have examined the endowment effect. Others have documented the influence of behavioral economics in sports. However, there exists little research on the endowment effect in sports. We study this phenomenon through the trading of draft picks in three major professional sporting organizations: the National Basketball Association, National Football League, and National Hockey League. We find strong evidence of the endowment effect overall and varying degrees of it across leagues. We find that it exists beyond information asymmetries, differences in trading activity, the prior short-term trading relationships of the teams involved and the desire of non-endowed, one-time owners of picks to repurchase those picks.
language	English
source	Enthalten in Economic inquiry 60(2022), 4 vom: Okt., Seite 1929-1942 volume:60 year:2022 number:4 month:10 pages:1929-1942
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Others have documented the influence of behavioral economics in sports. However, there exists little research on the endowment effect in sports. We study this phenomenon through the trading of draft picks in three major professional sporting organizations: the National Basketball Association, National Football League, and National Hockey League. We find strong evidence of the endowment effect overall and varying degrees of it across leagues. We find that it exists beyond information asymmetries, differences in trading activity, the prior short-term trading relationships of the teams involved and the desire of non-endowed, one-time owners of picks to repurchase those picks.</subfield></datafield></record></collection>
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author	Hobbs, Jeff
spellingShingle	Hobbs, Jeff misc behavioral economics misc endowment effect misc sports economics The endowment effect and the trading of draft picks in major professional U.S. sports
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topic_title	26 00 DE-206 Several studies have examined the endowment effect. Others have documented the influence of behavioral economics in sports. However, there exists little research on the endowment effect in sports. We study this phenomenon through the trading of draft picks in three major professional sporting organizations: the National Basketball Association, National Football League, and National Hockey League. We find strong evidence of the endowment effect overall and varying degrees of it across leagues. We find that it exists beyond information asymmetries, differences in trading activity, the prior short-term trading relationships of the teams involved and the desire of non-endowed, one-time owners of picks to repurchase those picks The endowment effect and the trading of draft picks in major professional U.S. sports Jeff Hobbs, Vivek Singh behavioral economics (dpeaa)DE-206 endowment effect (dpeaa)DE-206 sports economics (dpeaa)DE-206
topic	misc behavioral economics misc endowment effect misc sports economics
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title	The endowment effect and the trading of draft picks in major professional U.S. sports
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title_full	The endowment effect and the trading of draft picks in major professional U.S. sports Jeff Hobbs, Vivek Singh
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title_sort	endowment effect and the trading of draft picks in major professional u.s. sports
title_auth	The endowment effect and the trading of draft picks in major professional U.S. sports
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container_issue	4
title_short	The endowment effect and the trading of draft picks in major professional U.S. sports
url	https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/ecin.13102 https://doi.org/10.1111/ecin.13102
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doi_str	10.1111/ecin.13102
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up_date	2024-07-05T01:01:23.215Z
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code="2">2403</subfield><subfield code="1">01</subfield><subfield code="x">DE-LFER</subfield><subfield code="r">https://doi.org/10.1111/ecin.13102</subfield></datafield><datafield tag="981" ind1=" " ind2=" "><subfield code="2">2403</subfield><subfield code="1">01</subfield><subfield code="x">DE-LFER</subfield><subfield code="r">https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/ecin.13102</subfield></datafield><datafield tag="982" ind1=" " ind2=" "><subfield code="2">26</subfield><subfield code="1">00</subfield><subfield code="x">DE-206</subfield><subfield code="b">Several studies have examined the endowment effect. Others have documented the influence of behavioral economics in sports. However, there exists little research on the endowment effect in sports. We study this phenomenon through the trading of draft picks in three major professional sporting organizations: the National Basketball Association, National Football League, and National Hockey League. We find strong evidence of the endowment effect overall and varying degrees of it across leagues. We find that it exists beyond information asymmetries, differences in trading activity, the prior short-term trading relationships of the teams involved and the desire of non-endowed, one-time owners of picks to repurchase those picks.</subfield></datafield></record></collection>
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The endowment effect and the trading of draft picks in major professional U.S. sports

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