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Endowment Effect - Psychology Term Of The Day

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First published at 12:48 UTC on October 18th, 2018.

JEvH

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Today's term from psychology is Endowment Effect.

Endowment Effect: The fact that people often demand much more to give up an object than they would be willing to pay to acquire it.

Please help me continue with this series by pressing the lik…

Today's term from psychology is Endowment Effect.

Endowment Effect: The fact that people often demand much more to give up an object than they would be willing to pay to acquire it.

Please help me continue with this series by pressing the like button, subscribing to this channel, and hitting the notification bell for your daily dose of psychology. Follow me on Facebook, Twitter, Gab, and Minds for a wider variety of topics that FB will probably eventually censor. Or explore one of my other videos uploaded for your edification.

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