Did you know that owning something makes you think it’s more valuable? It’s called the endowment effect. Whether it’s an old T-shirt, a broken lamp, or that weird mug you never use, once it’s yours, it feels special. It’s like your brain whispers, “This is priceless. Never let it go.”
This is why garage sales are so awkward. You’re thinking, “This vase is worth at least $50,” while the buyer’s like, “I’ll give you 50 cents.” The endowment effect doesn’t make sense, but it’s part of what makes us human. I hope you learned something you didn’t know about.
0 Comments