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What is Endowment Effect?
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Welcome to our deep dive into the captivating psychology behind the Endowment Effect! Ever wondered why we tend to overvalue the things we own? Join us in this enlightening video as we explore the fascinating phenomenon that influences our perceptions of value and ownership.
The Endowment Effect is a cognitive bias where individuals assign greater value to items simply because they possess them. In this video, we unravel the intricacies of this effect, diving into its psychological underpinnings, real-life examples, and the profound impact it has on our decision-making processes.
The Endowment Effect is a cognitive bias where individuals assign greater value to items simply because they possess them. In this video, we unravel the intricacies of this effect, diving into its psychological underpinnings, real-life examples, and the profound impact it has on our decision-making processes.
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