Difference between revisions of "Endowment effect"
Jump to navigation
Jump to search
(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 ...") |
|||
| Line 1: | Line 1: | ||
| − | 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. |
Revision as of 18:03, 8 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.