The Endowment Effect - Deepstash

The Endowment Effect

  • People already place a higher value on items after they own them—a phenomenon called “the endowment effect”—but when adding the emotional attachment, the value increases exponentially.
  • Know who you are and what you believe in, and inject this personality and perspective into your product.
  1. BE A DEVIANT
  2. DIVERSIFY AND INNOVATE
  3. DON’T BE A COPYCAT
  4. BE BAD, AND DON’T APOLOGIZE FOR IT

72

434 reads

CURATED FROM

IDEAS CURATED BY

prince_rahul

The more one seeks to rise into height and light, the more vigorously do ones roots struggle earthward, downward, into the dark, the deep — into evil.

The Kim Kardashian Principle teaches you that empathy for yourself and standing up for what you truly believe in are essential in order to connect with audiences…..

The idea is part of this collection:

Back to School Basics for Parents

Learn more about books with this collection

How to communicate effectively with teachers

How to create a supportive learning environment at home

How to manage your child's school schedule and activities

Related collections

Similar ideas to The Endowment Effect

The Reason For The Door Opener Effect

  • So far, there is no concrete explanation behind this phenomenon, but psychologists believe that passing through a doorway and entering a different room creates a mental block in the brain.
  • In addition, walking through open doors is thought t...

Research On The Health Halo Effect

Research On The Health Halo Effect

  • This effect often leads to consumers confusing “low fat” with “low calorie”, which results in the overconsumption of the former.
  • When choosing between similar products with different names, consumers prefer products with healthier-sounding names.
  • If you are eating at a restau...

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates