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What is the endowment effect?
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votes
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asked
Jan 13
in
Psychology
by
FlynnO086966
(
350
points)
What is the endowment effect?
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Jan 13
by
ZackRickel4
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310
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The endowment effect is a cognitive bias where individuals ascribe more value to things they own or possess, than the same thing owned by someone else.
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