Question

question 2 of 14
which cognitive bias describes valuing something more just because you own it?
select an answer from the options below
a loss aversion
b sunk cost fallacy
ment effect
ning bias

Explanation:

The endowment effect is the cognitive bias where people assign higher value to items they own, compared to identical items they do not own. Loss aversion refers to preferring avoiding losses over acquiring gains, sunk cost fallacy is continuing investment due to prior costs, and confirmation bias is seeking information that confirms existing beliefs.

Answer:

C. Endowment effect