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Tag: Endowment Effect

Fear of death is just the endowment effect in action

Endowment effect:

The tendency for people to demand much more to give up an object than they would be willing to pay to acquire it.

This possibly explains why even when we’re having shitty lives, most of us prefer it to not having a life.

Posted on October 18, 2018February 9, 2019Categories postTags Cognitive Biases, death, Endowment Effect, Life, MuerteLeave a comment
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