The endowment effect suggests that that people
A)have a strong attachment to their property, regardless of whether they paid to acquire it.
B)have a strong sense of fairness.
C)are concerned about the welfare of others.
D)act in ways to distort market prices.

Question

Quizplus · Accepted Answer

The endowment effect is the tendency for people to value and be attached to things simply because they own them. This means that people have a strong attachment to their property, regardless of whether they paid to acquire it.

The Endowment Effect Suggests That That People