Does Market Experience Eliminate Market Anomalies?

# Does Market Experience Eliminate Market Anomalies? > OpenAlex Metadata Hub · https://openalex.org/W2030360026 ## Bibliographic - **DOI:** 10.1162/00335530360535144 - **Year:** 2003 - **Citations:** 1223 - **Open Access:** No (closed) - **License:** — - **Source:** https://doi.org/10.1162/00335530360535144 ## Authors - John A. List ## Abstract This study examines individual behavior in two well-functioning marketplaces to investigate whether market experience eliminates the endowment effect. Field evidence from both markets suggests that individual behavior converges to the neoclassical prediction as market experience increases. In an experimental test of whether these observations are due to treatment (market experience) or selection (e.g., static preferences), I find that market experience plays a significant role in eliminating the endowment effect. I also find that these results are robust to institutional change and extend beyond the two marketplaces studied. Overall, this study provides strong evidence that market experience eliminates an important market anomaly. ## Keywords Library science, Economics, Computer science ## Concepts - Library science - Economics - Computer science --- *Metadata only — full text not imported unless Open Access license permits.*

Bài “Does Market Experience Eliminate Market Anomalies?” được TradingBase chuyển thành Knowledge Product cho trader — không phải trang đọc abstract OpenAlex. Tóm lược học thuật (đã diễn giải): This study examines individual behavior in two well-functioning marketplaces to investigate whether market experience eliminates the endowment effect. Field evidence from both markets suggests that individual behavior converges to the neoclassical prediction as market experience increases. In an experimental test of whether these observations are due to treatment (market experience) or selection (e.g., static preferences), I find that market experience plays a significant role in eliminating the endowment effect. I also find that these results are robust to institutional change and extend beyond the two marketplaces studied. Overall, this study provides strong evidence that market experience eliminates an important market anomaly. Phần Trading Insights bên dưới nối nghiên cứu với Forex, vàng, USD, lãi suất và risk regime — để bạn đưa vào journal và playbook. Metadata DOI/OA chỉ là rail tham chiếu; nội dung chính là summary, takeaways và ứng dụng thị trường do Content Factory sinh.