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kara_kan kara_kan
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6 years ago
Sam buys an autographed picture of his favorite football player for $300 on eBay. Upon showing it off, he is offered $350 for it. Sam indicates that he could not possibly sell for less than $450. This is an example of ________.
A) decision weights
B) the endowment effect
C) marginal utility
D) loss aversion
Textbook 
Cognitive Psychology: Mind and Brain

Cognitive Psychology: Mind and Brain


Edition: 1st
Authors:
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BomberoBombero
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6 years ago
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kara_kan Author
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6 years ago
Brilliant
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Thanks
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Helped a lot
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