Tags » Endowment Effect

Kickstarter Skepticism: Why we're not eager to play that game you backed...

By: Chris Wray and Jeff Lingwall

Game night begins, and everybody stands around waiting for somebody to nominate a game.  These days, most large groups have at least one Kickstarter enthusiast, and he or she always seems to speak first.   2,667 more words

Commentary

Why We Are So Attached to Our Things - A TED-Ed Lesson about Ownership by Christian Jarrett

Dear readers,

We would like to share a really neat video with you that sums up the phenomenon of ownership quite nicely in under 5 minutes. 33 more words

Ownership

Why Willie Nelson still plays a broken guitar

Willie Nelson is one of America’s most cherished singer-songwriters and also dabbles in the world of poetry, acting and activism. He’s also been quite successful in these fields, so much so that you probably recognised his name even though you may not be able to name a great deal of his work. 298 more words

Economics

Susan Gelman on children's preference for unique owned objects

Gelman, S. A., & Davidson, N. S. (2016). Young children’s preference for unique owned objects. Cognition. https://doi.org/10.1016/j.cognition.2016.06.016

This is an incredible and profound study on children’s attachment to objects, with implications both for cognitive and emotional development. 385 more words

Ownership

Got Stuff?

Hi Everyone,

Happy Spring!! Although it may not look like it or feel like it, spring has arrived here in Boston!

We talked about all the things that symbolize spring here including, birds singing, flowers and trees blooming. 381 more words

The SPOT Effect

Psychologists uncover a new self-serving bias – if it’s my theory, it must be true

If you look at the research literature on self-serving biases, it’s little surprise that critical thinking – much needed in today’s world – is such a challenge. 75 more words

Behavioral Economics