Psychology Dictionary of ArgumentsHome
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| Endowment Effect - Psychology Dictionary of Arguments | |||
| Endowment effect: The endowment effect is a cognitive bias where people ascribe higher value to things merely because they own them. It leads individuals to overvalue their possessions compared to equivalent items they do not own, impacting decision-making and economic behavior. See also Cognitive biases._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
| Author | Item | More concepts for author | |
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| Experimental Psychology | Endowment Effect | Experimental Psychology | |
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Ed. Martin Schulz, access date 2025-01-21 | |||
