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The Endowment Effect

The Endowment Effect

Shopping for and owning things are exciting and emotional experiences. We take time and energy thinking about what to buy and the role it will play in our lives. In this Page One Economics®: Focus on Finance article, we look at the endowment effect—how we place more value on items we own than on items we don’t.
Keywords:
Opportunity Cost, Endowment Effect, Loss Aversion, Sunk Cost
Disciplines:
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More about this material

Material Type:
Open (Access) Journal-Article
Date Added to MERLOT:
February 25, 2024
Date Modified in MERLOT:
July 25, 2024
Author:
 
Submitter:
Scott St. Louis
Primary Audience:
Middle School, High School, College General Ed, College Lower Division
Technical Format:
PDF, Website
Mobile Compatibility:
Not specified at this time
Language:
English
Cost Involved:
No
Source Code Available:
Unknown
Creative Commons:
Creative Commons License
This work is licensed under a Attribution-NonCommercial-ShareAlike 4.0 International

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