If You Exhibit Endowment Effect, Then You

question 177

Multiple Choice

If you exhibit endowment effect, then you

• A) decide rationally when making decisions about selling but not when making decisions about buying.
• B) have a strong attachment to things you already own.
• C) buy something you cannot afford.
• D) decide rationally when making decisions about buying but not when making decisions about selling.

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Definitions:

Genes

Units of heredity made up of DNA that determine specific traits by encoding proteins.

Endocrine Glands

Glands of the endocrine system that secrete hormones directly into the bloodstream to regulate body processes.

Hormones

Chemical messengers produced by the endocrine glands that regulate various bodily functions by acting on specific target organs.

Bloodstream

The flowing body fluid that circulates through the heart, arteries, capillaries, and veins, carrying nutrients and oxygen to and waste materials away from all body tissues.