Economist John List Has Shown That the So-Called Endowment Effect

question 262

Multiple Choice

Economist John List has shown that the so-called endowment effect tends to be lower among people who often

• A)buy things for resale.
• B)buy things for personal long-term use.
• C)produce things for themselves.
• D)value their possessions.

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Definitions:

Interns

Individuals, often students or recent graduates, who work temporarily, sometimes without pay, to gain hands-on experience in their field of interest.

Simulators

Devices or programs that replicate the conditions of a real-life process, used for training or research purposes.

Work Environment

The physical and psychological conditions under which employees perform their job duties.