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Jeremiah Stanghini

Free Agent, Professor, and Superforecaster

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Tag Archives: Piano

The Endowment Effect – Yours Isn’t Always Better: List of Biases in Judgment and Decision-Making, Part 3

Two weeks ago, I wrote about the pitfalls of the sunk cost fallacy. Last week I alerted you to the bias of loss aversion. Since I mentioned the endowment effect last week, I thought it’d be good to cover it sooner rather than later, so this week, we’ll look at the endowment effect. The endowment effect can …

Continue reading “The Endowment Effect – Yours Isn’t Always Better: List of Biases in Judgment and Decision-Making, Part 3”

Posted byJeremiah StanghiniFebruary 11, 2013February 10, 2013Posted inBusiness, Psychology, Science, Sports, WisdomTags: Appraisal, Bias, Cognitive bias, Decision-Making, Emotion, Empathy, Endowment effect, Endowment Effect in Sports, Loss aversion, Negotiation, Overvalue, Overvalue My Stuff, Piano, Sunk costs17 Comments on The Endowment Effect – Yours Isn’t Always Better: List of Biases in Judgment and Decision-Making, Part 3

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