Endowment effect

Rarity: Common

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At a glance

Class

Notion

Domain

Science and technology

In collections

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What Wikipedia says

In psychology and behavioral economics, the endowment effect, also known as divestiture aversion, is the finding that people are more likely to retain an object they own than acquire that same object when they do not own it.

Excerpt from the Wikipedia article “Endowment effect”, under the CC BY-SA 4.0 license. Read the article on Wikipedia