The endowment effect refers to the finding that ____.
A)items gain in value to the person who owns them
B)natural talent are more positively regarded than skills one has worked hard to acquire
C)simply thinking about a word in connection with the self leads to better memory
D)most major skills and traits are fixed at birth and cannot be acquired through hard work

Question

Quizplus · Accepted Answer

The endowment effect is a psychological phenomenon where people ascribe more value to things merely because they own them. This means that ownership itself causes people to value goods more highly than if they do not own them.

The Endowment Effect Refers to the Finding That ____