An experiment published in the journal Psychological Science demonstrates a surprising weight of emotion on decisions about buying and selling.

An experiment published in the journal Psychological Science demonstrates a surprising weight of emotion on decisions about buying and selling. Economists are familiar with a phenomenon called the endowment effect: The price we demand to part with something we confess is higher than the price we are willing to pay for it when it belongs to someone besides In other words, we value things more highly when we hold them than when we don't. The experiment point outs that the endowment effect is not an