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Kaitlyn Guilbeaux

The endowment effect: It's mine, I tell you - 0 views

endowment effect chimps

started by Kaitlyn Guilbeaux on 15 Sep 11
  • Kaitlyn Guilbeaux
    #1 Kaitlyn Guilbeaux on 15 Sep 11
     
    I found this article really interesting. I agree with what it is trying to say. My favorite piece of information found was that "students were surprisingly reluctant to trade a coffee mug they had been given for a bar of chocolate, even though they did not prefer coffee mugs to chocolate when given a straight choice between the two." I am more fond of chocolate than I am of coffee mugs, but I also would not trade the mug for the chocolate! I suppose it is more important to me to have whatever is most valuable in the monetary sense.

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