The endowment effect
A)states that we value an item more highly if we own it than if we do not own it.
B)is the same as compartmentalizing.
C)states that people are often willing to make themselves worse off in order to make someone else worse off.
D)states that people are often willing to make themselves worse off in order to make someone else better off.
E)a and d

Question

Quizplus · Accepted Answer

The endowment effect is a cognitive bias that causes people to assign more value to things merely because they own them. This does not relate to making oneself or others worse or better off, nor does it involve compartmentalizing.

The Endowment Effect