The Endowment Effect makes you overvalue your possessions | Money Arata 65 

Intelligence: arata.se/intelligence
Why is it so hard to let go of a possession, even when you could make a profit from it?
The answer lies in a fascinating cognitive bias known as the Endowment Effect. This powerful psychological phenomenon impacts our decision-making in various aspects of our lives, from real estate transactions to online shopping, and even the job market and personal experiences.
Today we'll explain in a very clear way what the Endowment Effect is. Also, we will explore how it influences our thinking and behavior in different scenarios. By understanding this cognitive bias, you'll gain valuable insights that can help you make smarter decisions, overcome emotional attachments, and navigate your personal and professional life with greater clarity.
Contact us (questions, suggestions, support): arata.se/contact
Subscribe RU-vid: arata.se/yteng
Facebook: arata.se/facebook
LinkedIn: arata.se/linkedin
Instagram: arata.se/instagram
Twitter: arata.se/twitter
Pinterest: arata.se/pinterest