Tags » Endowment Effect

BusinessInsider -- Buying People's Powerball Ticket

Business Insider wanted to test just how strong the endowment effect (regret avoidance) is when it comes to Powerball tickets for the large jackpot this past week. 23 more words

Behavioral & Game Theory

Lottery sucks

When behavioral economics meets a $700M Powerball jackpot 

Business Insider went out onto the streets of NYC and tried to buy people’s just-purchased Powerball tickets ahead of the $700 million drawing. 82 more words

Behavioral Economics

What is your intention?

The first step to success is setting clear goals. A clear goal has substance. It resonates with you. It has edges, texture, and weight. It’s so real you can almost touch it! 2,002 more words

Mindset

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