endowment effect
the finding that people are more likely to retain an object they already own than to acquire that same object when they do not own it
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endowment effect
Summary
endowment effect is a cognitive bias[1]. It draws 190 Wikipedia views per month (cognitive_bias category, ranking #33 of 95).[2]
Key Facts
- endowment effect is credited with the discovery of Richard Thaler[3].
- endowment effect's instance of is recorded as cognitive bias[4].
- endowment effect's part of is recorded as psychological terminology[5].
- endowment effect's Freebase ID is recorded as /m/03db0n[6].
- endowment effect's Quora topic ID is recorded as Endowment-Effect[7].
- endowment effect's JSTOR topic ID is recorded as endowment-effect[8].
- endowment effect's STW Thesaurus for Economics ID is recorded as 30204-1[9].
- endowment effect's Microsoft Academic ID is recorded as 119996468[10].
- endowment effect's item disputed by is recorded as Against Endowment Theory: Experimental Economics and Legal Scholarship[11].
- endowment effect's OpenAlex ID is recorded as C119996468[12].
Body
Works and Contributions
endowment effect is credited with the discovery of Richard Thaler[3].
Why It Matters
endowment effect draws 190 Wikipedia views per month (cognitive_bias category, ranking #33 of 95).[2] It has Wikipedia articles in 12 language editions, a strong signal of global cultural recognition.[13] It is known by 9 alternative names across languages and contexts.[14]