Does ownership duration really matter? – Experimental study

This study tests experimentally how ownership duration affects the value attributed to different items, like a USB memory stick or a lottery ticket. Holding the item for 2 weeks increased the value of a lottery ticket but not the value of a USB memory stick. We argue that in the case of utilitarian items (such as USB memory stick), the holding time has no effect on the value since the owner can benefit from them while they are in his possession.