Which of the Following Demonstrates the Endowment Effect

question 233

Multiple Choice

Which of the following demonstrates the endowment effect?

• A)Whelan inherits a cottage in Cape Cod from his grandfather and is unwilling to sell it for sentimental reasons.
• B)Chris Hemsworth commands a premium in the movie industry because he is endowed with dashing looks.
• C)Isabella was not willing to part with her "Chris Hemsworth" poster although she was offered $100 for it, a sum greater than what it costs to purchase another such poster.
• D)If you received a good as a gift, you are less likely to attach a monetary value to the good.

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