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1. www.investopedia.com › terms › eEndowment Effect: Definition, What Causes It, and Example

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   Feb 17, 2023 · The endowment effect is a cognitive bias that makes people value an owned object more than its market value. Learn how it affects investors, consumers and behavioral economics, and how to avoid it.

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     The Endowment Effect

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     Endowment effect: Easy explanation.

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     What is Endowment Effect | Explained in 2 min

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3. en.wikipedia.org › wiki › Endowment_effectEndowment effect - Wikipedia

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   Figure 2: Hanemann's Endowment Effect Explanation. When goods are indivisible, a coalitional game can be set up so that a utility function can be defined on all subsets of the goods. Hu (2020) shows the endowment effect when the utility function is superadditive, i.e., the value of the whole is greater than the sum of its parts. Hu (2020) also ...

4. corporatefinanceinstitute.com › endowment-effectEndowment Effect - Overview, How It Works, Effects

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   Learn what the endowment effect is, how it affects people's valuation and behavior, and how it applies to marketing and investing. Explore the psychological theories behind the endowment effect and some examples of its applications.

5. People also ask

   What causes the endowment effect?

   • Research has identified "ownership" and "loss aversion" as the two main psychological reasons causing the endowment effect. The endowment effect is closely tied to marketing in which companies often try to take advantage of this cognitive bias.

   Endowment Effect: Definition, What Causes It, and Example - Investop…

   www.investopedia.com/terms/e/endowment-effect.asp

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   What is endowment effect & loss aversion?

   • Endowment effect: People's tendency to value things they own more highly than they would if they did not own them. Loss aversion: People's tendency to place more emphasis on what they have to lose rather than on what they have to gain. Opportunity cost: The value of the next-best alternative when a decision is made; it's what is given up.

   The Endowment Effect | St. Louis Fed

   research.stlouisfed.org/publications/page1-econ/2022/04/01/the-endowment-effect

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   Does ownership affect the endowment effect?

   • Indeed, people spontaneously recall more positive features of goods that they own relative to those they do not . Suggesting that ownership may increase the accessibility of all attributes of a good, people exhibit a reversal of the endowment effect for bads – entitlements with predominantly negative attributes (e.g., parking tickets).

   Explanations of the endowment effect: an integrative review

   www.sciencedirect.com/science/article/pii/S1364661315000789

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   How does culture affect endowment?

   • The more self-enhancing a person's culture, the more likely she is to exhibit an endowment effect . When ownership of a good creates a negative association (e.g., serves as a reminder of bad performance), owners do not value the good more favorably than do controls .

   Explanations of the endowment effect: an integrative review

   www.sciencedirect.com/science/article/pii/S1364661315000789

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6. www.sciencedirect.com › science › articleExplanations of the endowment effect: an integrative review

   www.sciencedirect.com › science › article

   Jun 1, 2015 · Loss aversion. The endowment effect is traditionally attributed to two features of prospect theory 1, 2. Reference-dependence makes buyers frame goods as gains relative to the status quo, and sellers frame goods as losses relative to the status quo.

   • Author: Carey K. Morewedge, Colleen E. Giblin

   • Publish Year: 2015

7. thedecisionlab.com › the-endowment-effectThe Endowment Effect - The Decision Lab

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   Learn about the endowment effect, a cognitive bias that makes us value things more when we own them. Explore the history, theory, consequences, and controversies of this phenomenon.

8. link.springer.com › referenceworkentry › 10Endowment Effect | SpringerLink

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   Jan 1, 2019 · The endowment effect is the tendency to value things higher when one owns them than when one does not. This entry reviews the theoretical framework and empirical evidence on the endowment effect and its implications for law and economics research.

9. research.stlouisfed.org › 01 › the-endowment-effectThe Endowment Effect | St. Louis Fed

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   Apr 1, 2022 · Learn how the endowment effect influences our valuation and negotiation of things we own or want to own. Explore the emotional, psychological and behavioral factors that affect our decisions and how to overcome them.