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Other Fields Homework Help Public Relations Topic started by: bchangia on Jul 24, 2017



Title: In negotiation, buyers and sellers may adopt differing bargaining positions for an object, but their ...
Post by: bchangia on Jul 24, 2017
In negotiation, buyers and sellers may adopt differing bargaining positions for an object, but their private valuations for the object should not differ as a consequence of who has possession. The endowment effect is best described as:
A) the intrinsic value we associate with a certain outcome
B) the difference between what sellers demand and what buyers are willing to pay
C) saving money instead of purchasing goods
D) a tendency for people to value an object more once they own it


Title: Re: In negotiation, buyers and sellers may adopt differing bargaining positions for an object, but ...
Post by: kenttod on Jul 24, 2017
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