According to the "Endowment Effect

question 70

Multiple Choice

According to the "endowment effect,"

• A)people are willing to pay more for things they don't own than they would have to receive to give up something they already have.
• B)people feel gains and losses with equal intensity.
• C)people assign higher values to things they own than things they don't.
• D)the intensity of feelings from gains and losses depends on how much wealth one possesses.

---

Definitions:

Depression

A psychological condition marked by a continuous feeling of sadness, disinterest in hobbies, and additional signs that negatively affect everyday life activities.

Stressful Events

Situations or occurrences that cause strain or tension, often triggering emotional or physical reactions.

Cognitive-Behavioral Therapy

A therapeutic technique that targets unhealthy feelings, actions, and thoughts with a purpose-driven, organized method.

Negative Cognitive Triad

Perspective seen in depressed people in which they have negative views of themselves, of the world, and of the future.