The Endowment Effect

Multiple Choice

The endowment effect

A) states that we value an item more highly if we own it than if we do not own it.
B) is the same as compartmentalizing.
C) states that people are often willing to make themselves worse off in order to make someone else worse off.
D) states that people are often willing to make themselves worse off in order to make someone else better off.
E) a and d