When capuchin monkeys show a preference for fruit over cereal when they are already in possession of fruit, and a preference for cereal over fruit when they are already in possession of cereal, they are displaying:

Question

Quizplus · Accepted Answer

The endowment effect refers to the phenomenon where individuals value an item more highly simply because they own it. In this case, the monkeys value the item they already possess more, showing a preference for it over the alternative.

When Capuchin Monkeys Show a Preference for Fruit Over Cereal