The endowment effect makes people value things less when they think of those things as their own as opposed to identical things that are not theirs-as in "the grass is greener on the other side."

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The endowment effect actually makes people value things more when they own them, as opposed to identical things that are not theirs, indicating a bias towards overvaluing one's own possessions.

The Endowment Effect Makes People Value Things Less When They