How does the endowment effect relate to behavioral economics?
Endowment Effect
Interactive Video
•
Business
•
University
•
Hard
Quizizz Content
FREE Resource
The endowment effect is a behavioral economics concept where individuals value items more once they own them, leading to irrational decision-making. This bias causes people to work harder to retain possessions than to acquire them initially, highlighting a disconnect from rational decision-making processes.
Read more
2 questions
Show all answers
1.
OPEN ENDED QUESTION
3 mins • 1 pt
Evaluate responses using AI:
OFF
2.
OPEN ENDED QUESTION
3 mins • 1 pt
Can you provide an example of the endowment effect in everyday life?
Evaluate responses using AI:
OFF
Similar Resources on Quizizz
2 questions
5 Ways People Are Dumb About Money
Interactive video
•
11th Grade - University
6 questions
Why Happily Ever After Doesn't Come Cheap in the U.S.
Interactive video
•
University
4 questions
Making Sense of Misbehavior in Economics
Interactive video
•
University
2 questions
Behavioral Economics: The Next Generation
Interactive video
•
University
4 questions
Negotiations - Strategic Objectives with Negative Outcomes
Interactive video
•
University
2 questions
Eric Weinstein: Economic Thinking In A Fallible World
Interactive video
•
University
2 questions
Sheila Dow - Why Economists Think How They Think
Interactive video
•
University
2 questions
Advice to the Next Generation
Interactive video
•
University
Popular Resources on Quizizz
15 questions
Character Analysis
Quiz
•
4th Grade
17 questions
Chapter 12 - Doing the Right Thing
Quiz
•
9th - 12th Grade
10 questions
American Flag
Quiz
•
1st - 2nd Grade
20 questions
Reading Comprehension
Quiz
•
5th Grade
30 questions
Linear Inequalities
Quiz
•
9th - 12th Grade
20 questions
Types of Credit
Quiz
•
9th - 12th Grade
18 questions
Full S.T.E.A.M. Ahead Summer Academy Pre-Test 24-25
Quiz
•
5th Grade
14 questions
Misplaced and Dangling Modifiers
Quiz
•
6th - 8th Grade