WITHDRAWN
preprint
OA: closed
Abstract
We ran a replication of Study 2 from this paper, which found that participants place greater value on information in situations where they’ve been specifically assigned or “endowed with” that information compared to when they are not endowed with that information. This is the case even if that information is not of any particular use (i.e., people exhibit the endowment effect for noninstrumental information). This finding was replicated in our study.The original study randomized participants into two conditions: endowed and nonendowed. In the endowed condition, participants were told that they were on course to learn a specific bundle of three facts and were then offered the option to learn a separate bundle of four facts instead. In the nonendowed condition, participants were simply offered a choice between learning a bundle of three or a separate bundle of four facts, with the bundles shown in randomized order. Results of a chi-square goodness-of-fit test indicated that participants in the endowed condition were more likely to express a preference for learning three (versus four) facts than participants in the nonendowed condition. This supported the original researchers’ hypothesis that individuals exhibit the endowment effect for non-instrumental information. This finding was replicated in our study.We simultaneously ran a second experiment to investigate the possibility that order effects could have contributed to the results of the original study. Our second experiment found that (even when controlling for order effects) there was still evidence of the endowment effect for noninstrumental information.The original study (Study 2) received a replicability rating of five stars as its findings replicated in our replication analysis. It received a transparency rating of 4.25 stars. The methods, data, and analysis code were publicly available. Study 2 (unlike the others in the paper) was not pre-registered. The study received a clarity rating of 3 stars as its methods, results, and discussion were presented clearly and the claims made were well-supported by the evidence provided; however, the randomization and the implications of choice order for participants in the nonendowed condition was not clearly described in the study materials. Although randomization was mentioned in the supplemental materials, the implications of this randomization and the way that it could influence the interpretation of results were not explored in either the paper or supplemental materials.
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- europepmc
- last seen: 2026-05-20T01:45:00.602351+00:00