Endowment Effect
topic on 2 shows · 2 statements across 2 episodes
Founder's Journal 
the Knowledge Project
2 statements about Endowment Effect, every show
Lieberman: Endowment effect leads founders to run companies past incompetence
“I believe that this risk of endowment effect causes far too many CEOs and founders to continue running their companies past their point of incompetence.”
Kahneman: Agents making decisions on behalf of others skip loss aversion
“But there is an interesting result that if you have an agent making decisions on somebody's behalf, that agent doesn't have loss of urge. So that agent sells and buys at the same price, which is the economically rational thing to do.”