18 min
Endowment Effect & Status Quo Bias: What We Possess, Possesses Us Unconsidered: For Modern Entrepreneurs, Business Owners & Marketers
-
- Entrepreneurship
On Season 1 Episode 8:As organization and business leaders we often find ourselves in possessions of negotiation. In these moments we try to ascribe appropriate value to possessions, people, ideas and more. But we're often allowing personal attachment, emotion and nostalgia to impact the value we ascribe to these things leading to overvalued items and lost opportunities.In this episode, we dive into the research of what is happening on a subconscious level in these moments - referred to as th...
On Season 1 Episode 8:As organization and business leaders we often find ourselves in possessions of negotiation. In these moments we try to ascribe appropriate value to possessions, people, ideas and more. But we're often allowing personal attachment, emotion and nostalgia to impact the value we ascribe to these things leading to overvalued items and lost opportunities.In this episode, we dive into the research of what is happening on a subconscious level in these moments - referred to as th...
18 min