Which of the following is an example of the endowment effect?
A) difficulty in discarding a pair of worn-out jeans
B) assuming a causal relationship between two events that occur at the same time
C) ordinary people may be capable of extraordinary evil acts
D) while more people die in automobile accidents than airplane crashes, most people consider flying to be more dangerous
E) parents who have one abnormal baby overestimate the probability of having another abnormal baby
Correct Answer:
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