Tags: endowment effect
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Tags: endowment effect
February 10, 2010 at 3:59 pm |
I’m a student and beg forgiveness in advance for any glaring error.
But is the smaller bar really representative of 10K+1’s valuation of 10K’s Koozie? Does the proximity of 10K+1 to 10K play any part in 10K+1’s valuation? In other words, would 10K+1’s bar be the same as that of 12K, 20K, or the actual value of the Koozie?
I think I’d feel differently about a bus coming 1 meter from striking me and a bus coming 20 meters from striking me, right?