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The Evolution and the Expression of Biases
(Evolution and Human Behavior, 2012)
The endowment effect is the seemingly irrationally tendency to immediately value a possessed item more than the opportunity to acquire the identical item when one does not already possess it. The phenomenon has broad legal ...
Endowment Effects in Chimpanzees
(Current Biology, 2007)
Human behavior is not always consistent with standard rational choice predictions. The much-investigated variety of apparent deviations from rational choice predictions provides a promising arena for the merger of economics ...