
endowment effect
/ɪnˈdaʊmənt ɪˌfekt/
valuing something more simply because you own it
“The endowment effect explains reluctance to sell at fair prices.”
Origin: From endow (Latin indotare to provide with a dowry) + effect

/ɪnˈdaʊmənt ɪˌfekt/
valuing something more simply because you own it
“The endowment effect explains reluctance to sell at fair prices.”
Origin: From endow (Latin indotare to provide with a dowry) + effect