Endowment Effect is our tendency to overvalue something simply because we own it. We tried to buy people’s lottery tickets for much more than they paid. ------------------------------------------------------ #EndowmentEffect #CognitiveBehaviors Business Insider tells you all you need to know about business, finance, tech, retail, and more. Subscribe to our channel and visit us at: read.bi/7XqUHI BI on Facebook: read.bi/2xOcEcj BI on Instagram: read.bi/2Q2D29T BI on Twitter: read.bi/2xCnzGF -------------------------------------------------- Endowment Effect: Trying To Buy People's Lottery Tickets | Why Are We All So Stupid?