According to the "Endowment Effect

question 70

Multiple Choice

According to the "endowment effect,"

• A)people are willing to pay more for things they don't own than they would have to receive to give up something they already have.
• B)people feel gains and losses with equal intensity.
• C)people assign higher values to things they own than things they don't.
• D)the intensity of feelings from gains and losses depends on how much wealth one possesses.

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Definitions:

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