The Endowment Effect of Digital Ownership: 5 Surprising Truths About Why We Overvalue What We Own
The Endowment Effect of Digital Ownership: 5 Surprising Truths About Why We Overvalue What We Own Introduction: The Invisible Force Behind Your Possessions Have you ever tried to sell a used car, a piece of furniture, or even an old smartphone, only to feel that every offer you receive is offensively low? Or maybe you’ve felt an irrational attachment to a digital item in a video game that has no real-world value. This feeling isn’t just about sentimentality; it’s the result of a powerful cognitive bias called the “endowment effect”—an invisible force that convinces us our stuff is special, just because it’s ours. ...