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1️⃣3️⃣ Endowment Effect
We overvalue what we already own.
It makes us cling to bad investments, outdated systems, deadweight possessions, and less effective policies.
Learning to value what is not wholly ours makes room for better options.
#CognitiveBias #EndowmentEffect #Economics #GrowthMindset

The Psychology of Collecting: Unpacking the Deep-Seated Urge to Own "Explore the deep-seated psychology of collecting. Learn how the endowment effect, nostalgia, and the rise of NFTs shape our universal urge to own."

From Stamps to NFTs: The Invisible Pull and Surprising Psychology Behind Why We Collect

#PsychologyOfCollecting #EndowmentEffect #Collectibles #NFTs #HumanBehavior #FactRage #FactRageNews

tglm.us/hqcbv