Why You Overvalue Your Own Junk | Behavioral Economics Explained

Why is it so hard to part with our possessions, even when we don't need them? The answer lies in the Endowment Effect, a fascinating bias from Behavioral Economics. This concept explains why ownership alone can inflate our perception of an item's value, impacting our economic decisions. It’s a core part of Everyday Economics that influences everything from garage sales to the housing market.
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