Examlex
NH3 has a higher boiling point than PH3.
Endowment Effect
A psychological and behavioral economics phenomenon where individuals value an owned object higher than a similar object they do not own.
Item Value
The worth or usefulness of a specific good or service, often determined by factors like utility, demand, and rarity.
Ownership
The legal right or status of having control over something, typically property or goods.
Traditional Economic Theory
A framework that explains economic decisions and behaviors based on the assumption that agents are rational and seek to maximize utility or profit.
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