Multiple Choice
Economist John List has shown that the so-called endowment effect tends to be lower among people who often
A) buy things for resale.
B) buy things for personal long-term use.
C) produce things for themselves.
D) value their possessions.
Correct Answer:

Verified
Correct Answer:
Verified
Q257: Riley has a new tennis racket for
Q258: When people base their estimates of the
Q259: Regarding people's preferences, behavioral economists observe that
Q260: Why do cereals marketers most prefer to
Q261: Which of the following statements best reflects
Q263: Solar City helped homeowners overcome their myopia
Q264: Neoclassical economists generally believe which of the
Q265: Time inconsistency refers to the phenomenon where
Q266: One major consequence of the planning fallacy
Q267: What field evidence is available to help