Sentences with phrase «endowment effect»

If this is not endowment effect, then what is?

Decision to sell is the more difficult of the two because one tends to not sell something that should be sold thanks to commitment bias including endowment effect, social proof, and psychological denial.

Morneau and Justin Trudeau are learning the power of the endowment effect.

This is called the endowment effect.

Common biases plaguing investors include: representative bias, cognitive dissonance, home country bias, familiarity bias, mood and optimism, overconfidence bias, endowment effects, status quo bias, reference point and anchoring, law of small numbers, mental accounting, disposition effects, attachment bias, changing risk preference, media bias and internet information bias.

In behavioral economics and psychology, «the endowment effect» explains the tendency of humans to assign more value to the things that they own just because they own them.

But if you're subject to the endowment effect, the ticket is likely to be worth much more to you now that you've got one.

In the future, I hope I'll be less likely to fall victim to the endowment effect.

This error is what behavioural economists call the endowment effect.

To avoid falling prey to the endowment effect, Swedroe suggests asking yourself: «If I didn't already own the asset, how much would I buy today as part of my overall investment plan?»

One of the most powerful findings in behavioral finance is the endowment effect, which is that all human beings and almost all investors tend to systematically overvalue that which they own as opposed to that which they don't own.

It becomes the devil's advocate's job to state the bear case and also to examine the valuation assumptions to help resist this endowment effect and confirmation bias.

What's interesting to note is that endowment effect is not always bad.

It is untrue for nonprofessional buyers and sellers because of the endowment effect.

The problem was what an economist might call an extreme case of the endowment effect, particularly acute for an acquisitor for whom the having was all and the utility nothing.

This week's bestowal of the Nobel Prize on a behavioural economist who helped identify the power of «the endowment effect» is a timely reminder that people tend to perceive any change in their status quo as a threat to their interests.

Some of these seem to be linked by a shared emotional basis: the «endowment effect» (overvaluation of what we already have), «status quo bias» (an emotional preference for maintaining the status quo), and «loss aversion» (the tendency to attribute much more weight to potential losses than potential gains when assessing risk) are all related to an innate conservatism about what we feel we have already invested in.

Another aspect of loss aversion is «the endowment effect.»

The answer for the endowment effect comes in «reframing the question.»

Using time - outs, recognizing the problem of the endowment effect and making conscious decisions about life - changing events will reduce the risk of multiplying your losses in your marriage by excessive loss aversion.

Kahneman et al. (1991) The endowment effect, loss aversion, and status quo bias.

In psychology, this is called the endowment effect.

People should stop and ask themselves honestly if they might be susceptible to the endowment effect.

@Andrew: next up, «the endowment effect»?

One example of the automatic influence of past experiences is the endowment effect, which occurs when the client's ownership of the property increases her perceived value of the property.

Real estate agents must be aware of the impact of the endowment effect in order to help clients become more objective in their own valuations.

Here's a storified version of an experiment showing the endowment effect.

Home sellers have a strong tendency to overprice their homes because of the endowment effect.

But when you're selling your home, the endowment effect leads to overpricing and overpricing can cost you a lot of money.