Top Posters
Since Sunday
o
5
b
4
4
s
3
j
3
b
3
m
3
K
3
g
3
L
3
w
3
m
3
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Tidy Tidy
wrote...
Go to Answer
Posts: 4852
Rep: 38 0
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:
Read 277 times
6 Replies
Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
Replies
Answer verified by a subject expert
VincenzoDVincenzoD
wrote...
#1
Top Poster
Posts: 1913
Rep: 241 0
8 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

wrote...
#2
3 years ago
ty
wrote...
#3
3 years ago
ty
wrote...
#4
3 years ago
ty
wrote...
#5
3 years ago
thx
wrote...
#6
3 years ago
ty
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1250 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 121
  
 230
  
 305
Your Opinion
Who will win the 2024 president election?
Votes: 10
Closes: November 4
Previous poll results: What's your favorite coffee beverage?