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.

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Definitions:

Appearance

The way that something or someone looks, which can include aspects of design, presentation, or physical manifestation.

Guilt

A psychological state that arises from the perception of having done something wrong or having failed to do something right.

Defendant

An individual, company, or institution sued or accused in a court of law.

Confounding Variable

A variable that is not controlled in a research investigation. In an experiment the experimental groups diĉer onboth the independent variable andthe confounding variable.