Examlex
Competitive intelligence ________.
Endowment Effect
A psychological phenomenon in which people value an owned object higher than a similar object they do not own.
Resale
The act of selling a previously bought product, typically used, to another buyer.
Status Quo Bias
The tendency for people to prefer things to stay the same by doing nothing or sticking with a decision made previously.
Prospect Theory
A psychological theory that describes how people make decisions based on the potential value of losses and gains rather than the final outcome.
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