The “endowment effect” - Deepstash

The “endowment effect”

It happens when we take ownership of something and it becomes “ours,” thereby integrating it into our sense of identity.

When we take ownership of something–an item, an idea or a goal–we are more committed to it

671

2.33K reads

CURATED FROM

IDEAS CURATED BY

ghume

Mother of two girls🙏 Motivator💯 Good Vibes✌

The idea is part of this collection:

Navigate Office Politics

Learn more about personaldevelopment with this collection

How to build positive relationships with colleagues and superiors

How to navigate office politics without compromising your values

How to handle conflicts and difficult situations in the workplace

Related collections

Similar ideas to The “endowment effect”

Setting and Achieving Your Goals

Setting and Achieving Your Goals

  • Step #1: Take Your Emotional Temperature, around the most important areas of your life.
  • Step #2: The Neurology of Ownership: When we take ownership of something–an item, an idea or a goal–we are more committed to it.
  • Step #3: Outco...

Playing as a team

The language your partner often uses includes "we," "us," and "ours" which shows a strong sense of cognitive closeness or a shared identity between the two of you.

Couples who are interconnected like this are more satisfied and committed in the relationship.

The Health Halo Effect

The Health Halo Effect

Happens when we overestimate the healthfulness of an item based on a single claim, such as being low in calories or low in fat.

This halo effect makes us more comfortable to eat more than we otherwise would if a product is promoted as low in fat or calories.

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