Endowment Effect
We place a higher value on things that we own as opposed to things that we do not own, particularly if we have invested emotional or sentimental value in them.
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![Endowment Effect](/content/images/size/w300/2023/11/Endowement-Effecto.jpg)
We place a higher value on things that we own as opposed to things that we do not own, particularly if we have invested emotional or sentimental value in them.