The Ownership Bias: Why Our Possessions Become More Valuable

THE OWNERSHIP BIAS

...

WHY OUR POSSESSIONS BECOME MORE VALUABLE

(PSYCHOLOGY & BEHAVIOR)

WRITTEN BY: CAMBRIDGE REVIEW PUBLISHING

ABOUT THIS BOOK

This book has been crafted by integrating the insights and expertise of numerous renowned international specialists in the field. Rather than relying on a single or average source, it draws from a rich combination of premium, authoritative perspectives, ensuring that readers gain access to the highest quality knowledge available.

CONTENT:

The Endowment Effect: An Introduction To A Pervasive Phenomenon

Challenging Economic Rationality: Why Traditional Models Fall Short

Prospect Theory: The Foundation For Understanding Endowment

The Critical Role Of Reference Points: Shifting Valuations

Loss Aversion: The Pain Of Giving Up

Diminishing Sensitivity: The S-Shaped Value Function

Early Demonstrations: Hypothetical Scenarios And Intuitions

The Classic Mug Experiment: Quantifying Ownership Value

Further Experimental Insights: The Pen And Chocolate Swap

Responsibility And Regret: Amplifying Loss Aversion

Routine Exchanges And Expert Mitigation: When The Effect Recedes

The Two Systems: System 1's Automatic Hold On Possessions

Negativity Dominance: The Broad Principle Behind Loss Aversion

Framing Effects: How Presentation Manipulates Value And Loss

Policy Implications And Navigating The Endowment Trap

© 2025 Cambridge Review Publishing (E-bog): 6610001052072

Udgivelsesdato

E-bog: 30. august 2025