The Endowment Effect and Organizing

Coffee Mugs in Oven

Sometimes our brains are scary. The Endowment Effect is a good example. I’m quoting from the mini-encyclopedia of “This bias occurs when we overvalue something that we own, regardless of its objective market value (Kahneman et al., 1991). It is evident when people become relatively reluctant to part with a good they own for…

Read More