The Tendency for People to Inflate the Value of Objects,good,or

question 32

Multiple Choice

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

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

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Definitions:

Puritans

A religious group from the 16th and 17th centuries that sought to purify the Church of England of Roman Catholic practices.

Anxious About

Experiencing worry, unease, or nervousness about an impending event or something with an uncertain outcome.

Death With Order

A concept implying a structured or peaceful end to life, possibly encompassing preparations and acceptance of mortality.

Separate Sphere Ideology

A social doctrine that divides gender roles, positing that women should concern themselves with home and children while men should be involved in public life and work.