Difference between revisions of "Endowment effect"
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(Created page with "The endowment effect is the increased value humans place in a product once they possess that product over what they otherwise would. The '''endowment effect''' has been shown ...") |
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| − | The endowment effect is the increased value humans place in a product once they possess that product over what they otherwise would. The '''endowment effect''' has been shown to be instantaneous in some cases. | + | The '''endowment effect''' is the increased value humans place in a product once they possess that product over what they otherwise would. The '''endowment effect''' has been shown to be instantaneous in some cases. |
Latest revision as of 20:15, 9 January 2013
The endowment effect is the increased value humans place in a product once they possess that product over what they otherwise would. The endowment effect has been shown to be instantaneous in some cases.