Tags » Endowment Effect

3 Mistakes to Avoid in Personal Finance

The combination of loss aversion with mindless choosing implies that if an option is designated as the “default,” it will attract a large market share. 566 more words

Articles

Why can't you get rid of all those Christmas presents?

Why more and more means less

Now that Christmas is a brandy-soaked memory, there comes the difficult business of packing away all the gifts that haven’t been broken or eaten. 128 more words

Behavioral Economics

The World’s Most Expensive Dustbin

Julia Roberts is a superb actress. All too often, though, she headlines in movies whose themes I find uniquely unappealing. This means, when I do see her films, I have been dragged reluctantly to the cinema by my insistent other. 735 more words

Behavioural Living

Creating Systems: Asking The Right Questions, Toxic Relationships, And Loss Aversion

Systems make anything easy; they allow us to perform anything in the most efficient and effective way possible. More importantly, they allow even the ungifted and untalented to learn and perform with great ease. 381 more words

Blog Psychology Pt 3: The Mere Ownership Effect and the Endowment Effect

I love that name, don’t you? It makes it sound like it’s so insignificant–mere ownership, you know. I merely own this car, I merely own that book. 502 more words

Burrow & Sing