Less than a minute lesson -2665
Overcoming Endowment Biases
When people own something and like it, they
value it more and consider it the best; such biases are called endowment
biases. On the contrary, other things can be better than what
they own. For example, if someone owns a car and values it more, they consider
other vehicles inferior to their own.
To overcome such biases, we should also
respect what others value
M.L. Narendra Kumar
Director
Instivate Learning Solutions PVT LTD
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