ENDOWMENT EFFECT

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The tendency a person has to place a higher value on items they possess.

ENDOWMENT EFFECT: "The endowment effect sees us place positive emotions towards an object."
Cite this page: N., Sam M.S., "ENDOWMENT EFFECT," in PsychologyDictionary.org, April 7, 2013, https://psychologydictionary.org/endowment-effect/ (accessed September 24, 2022).

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