Multiple Choice
The endowment effect is the tendency to:
A) place a higher value on something a person already owns simply because they own it.
B) have a harder time parting with wealth the longer that wealth has been held.
C) believe one holds a particular skill because someone told them they do.
D) want to bestow one's own beliefs on others when making decisions.
Correct Answer:
Verified
Correct Answer:
Verified
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