Avoidance of Endowment Effect

The agent's maximum willingness to pay to acquire an object should be the same as the price they are willing to accept to sell that same object when they own it.

Question template

Part 1

As a thank-you for taking part in a survey, you receive item x. The researcher then offers to exchange it for item y, which is worth the same, about $value. The exchange would cost nothing and take no time or effort. Do you make the exchange?

Part 2

As a thank-you for taking part in a survey, you receive item y. The researcher then offers to exchange it for item x, which is worth the same, about $value. The exchange would cost nothing and take no time or effort. Do you make the exchange?

Use it

from datasets import load_dataset
ds = load_dataset("narunraman/steer", "endowment_effect")

curl "https://steer-benchmark.cs.ubc.ca/api/sample?element_name=endowment_effect&n=5&seed=42"

See the Reference for the parameters.