The _______ Is the Tendency for People to Inflate the Value

question 81

Multiple Choice

The _______ is the tendency for people to inflate the value of objects, good, or services they already own.

• A) endowment effect.
• B) escalation effect.
• C) sunk cost effect.
• D) expectancy phenomenon.

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Definitions:

Possible Selves

The aspect of self-concept that includes individuals' ideas of what they might become, what they would like to become, and what they are afraid of becoming.

Potential

The capacity to develop, achieve, or become something more in the future.

Expected

An outcome or event regarded as likely to happen based on prior knowledge, trends, or logical prediction.

Coping Technique

Methods or practices that individuals employ to deal with difficult situations, stress, or emotional problems, often facilitating adaptation and resilience.