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Endowment Effect - Explained

What is the Endowment Effect?

Written by Jason Gordon

Updated at April 8th, 2022

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What is the Endowment Effect?

What is the Endowment Effect?

The endowment effect is a term used in behavioral research where a person finds something worthy because he or she already owns or possesses it. This results in the individual investing greater effort to avoid losing the possession than they would to acquire it. 

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