The Endowment Effect Is the Tendency

Multiple Choice

The endowment effect is the tendency:

A) to place a higher value on something a person already owns simply because they own it.
B) to have a harder time parting with wealth people have held the longer the amount of time they hold it.
C) for a person to believe they hold a particular skill because someone told them they do,regardless of who person is telling them.
D) None of these statements is true.