The Observation That People Tend to Value Something More Highly

question 104

Multiple Choice

The observation that people tend to value something more highly when they own it than when they don't is called the

• A)wealth effect.
• B)endowment effect.
• C)path-dependent effect.
• D)endorsement effect.

---

Definitions:

Genetic Makeup

The specific genetic material an individual inherits from their parents, comprising all of their genes and alleles.

Lifetime Prevalence

The proportion of a population that at some point in their life (up to the time of assessment) will experience a specific disorder.

Episodic

Pertaining to events or experiences that are divided into separate, distinct episodes, often used in the context of storytelling or memory.

Depression

A mental health disorder characterized by persistently depressed mood or loss of interest in activities, causing significant impairment in daily life.