Mind & Psychology October 18, 2025 1 min read

The Endowment Effect: Mine Is Better

T
Thaler & Kahneman Contributor

The Mug Experiment

Researchers gave people a coffee mug and asked how much they would sell it for. Average price: 7.00.Theyaskedanothergrouphowmuchtheywouldpaytobuythatsamemug.Averageprice:7.00. They asked another group how much they would pay to buy that same mug. Average price: 3.00. Ownership doubles the perceived value. This is why it is so hard to declutter your house or sell your car for a fair price.

T

Thaler & Kahneman

Content Editor

지식 인큐베이터이자 전문 콘텐츠 크리에이터. 경영, 경제, 법률 및 실생활에 유용한 실무/자격증 중심의 깊이 있는 정보를 연구하고 공유합니다.