Nov 15, 2023 · The endowment effect is characterized by increased positive emotions toward the object. [coined in 1980 by U.S. economist Richard Thaler (1945– )] A trusted reference in the field of …

Experiments in cognitive psychology have demonstrated that the endowment effect can be brought about by asymmetries in cognitive processing in judging owned and not-owned goods.

Sep 8, 2025 · The endowment effect is a psychological bias where ownership leads individuals to overvalue their possessions, often disregarding their market price.

May 1, 2024 · The endowment effect suggests that people may value the goods they already own more than they would value an identical good that they do not own. As a result, people may be reluctant to …

The endowment effect is a principle in behavioral psychology that describes the tendency of people to value an object that they own higher than they would value if they didn’t own it.

The endowment effect occurs when people assign a higher value to an item they own than to the same item when they do not own it, and this effect is often taken to reflect an ownership-induced change in …

The Endowment Effect (also known as Divestiture Aversion) is typically triggered by items that have an emotional or symbolic significance to the individual. However, it also occurs just because an …

Dec 2, 2025 · The phenomenon is closely related to loss aversion, and it shows that preferences must be understood in relation to status quo reference points, as in prospect theory. Also called status quo …

Jan 26, 2025 · Essentially, the Endowment Effect is the tendency of people to value items in their ownership as being much higher than what they would determine the value to be if those exact same …

Put more simply, people place a greater value on things once they have established ownership. This is especially true for things that wouldn’t normally be bought or sold on the market, usually items with …