endowment effect
1 statements across 1 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement Oct 15, 2019 by Daniel Kahneman · across every show →
Everything said about endowment effect, oldest first
Oct 15, 2019
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.”