6 checked facts

Behavioral economics

Everything on this site about behavioral economics — each one naming the study behind it.

You finish books you hate because you started them.
The sunk cost fallacy predisposes you to continue an endeavor based on past investments.…
You overvalue things just because you own them.
The endowment effect causes people to place a higher price on items simply because they have gained possession of them…
You prioritize immediate satisfaction over long-term gain every time.
People often choose a smaller, immediate reward over a larger, delayed one, but their preferences frequently reverse i…
You are statistically likely to choose the pre-selected option.
A 2003 study of organ donation found that countries with an opt-out policy had nearly 100% participation compared to 1…
You value your own possessions more than others do.
People consistently assign a higher monetary value to an object simply because they own it.…
Doing a good deed makes us more likely to cheat later.
A 2010 study found that participants who bought green products were more likely to lie and steal in a subsequent task.…