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The endowment effect and the trading of draft picks in major professional U.S. sports
dc.contributor.authorHobbs, Jeff
dc.contributor.authorSingh, Vivek
dc.date.accessioned2022-09-26T16:01:02Z
dc.date.available2023-11-26 12:01:00en
dc.date.available2022-09-26T16:01:02Z
dc.date.issued2022-10
dc.identifier.citationHobbs, Jeff; Singh, Vivek (2022). "The endowment effect and the trading of draft picks in major professional U.S. sports." Economic Inquiry 60(4): 1929-1942.
dc.identifier.issn0095-2583
dc.identifier.issn1465-7295
dc.identifier.urihttps://hdl.handle.net/2027.42/174754
dc.description.abstractSeveral 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.
dc.publisherWiley Periodicals, Inc.
dc.publisherDecember
dc.subject.otherbehavioral economics
dc.subject.otherendowment effect
dc.subject.othersports economics
dc.titleThe endowment effect and the trading of draft picks in major professional U.S. sports
dc.typeArticle
dc.rights.robotsIndexNoFollow
dc.subject.hlbsecondlevelEconomics
dc.subject.hlbtoplevelBusiness and Economics
dc.description.peerreviewedPeer Reviewed
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/174754/1/ecin13102_am.pdf
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/174754/2/ecin13102-sup-0001_DisclosureForms.pdf
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/174754/3/ecin13102.pdf
dc.identifier.doi10.1111/ecin.13102
dc.identifier.sourceEconomic Inquiry
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dc.working.doiNOen
dc.owningcollnameInterdisciplinary and Peer-Reviewed


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