5 checked facts

Ownership

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

You value your own possessions more than the market does.
In a 1990 experiment, participants demanded more money to sell a mug they were given than they were willing to pay to …
You value things more simply because you own them.
A 1990 study found that participants required nearly twice as much money to part with a mug they owned (willingness to…
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 value your possessions more than they are worth.
People demand a higher price to sell an item they own than they would pay to acquire that exact same item.…
You value your own possessions more than others do.
People consistently assign a higher monetary value to an object simply because they own it.…