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Tidy Tidy
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9 years ago
What is the endowment effect?
A) the tendency of people to be unwilling to sell something they already own even if they are offered a price that is greater than what they would be willing to pay to buy the good if they did not already own it
B) the tendency of people to be unwilling to sell something they already own because of its sentimental value
C) the tendency of people to overstate the value of a good they already own even though similar items can be purchased at a lower price
D) the sum total of assets that a person has acquired over the years
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
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Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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VincenzoDVincenzoD
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