Multiple Choice
What is the endowment effect?
A) People feel that they are owed more pay for their work then their employer
B) People tend to argue in favor of their past decisions, even if those decisions were obviously to their own detriment
C) People feel that whatever choice they make must be the correct decision, no matter what anyone else says
D) People tend to assign higher value to an object when it already belongs to them
Correct Answer:
Verified
Correct Answer:
Verified
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