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by prabhasp 2874 days ago
That is the endowment effect https://en.m.wikipedia.org/wiki/Endowment_effect
1 comments
mercutio2 2873 days ago
I was under the impression the endowment effect and loss aversion were synonyms.

Is there a meaningful difference when these are used as psychological terms of art (as opposed to pop psych just-so explanations)?

link