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schoen
on May 17, 2017
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Plato knew a lot about behavioural economics
Related to
https://en.wikipedia.org/wiki/Endowment_effect
(although that refers to being willing to pay
more
to avoid losing something than to acquire it in the first place).
Edit: actually, I'm not clear on the difference between the endowment effect and loss aversion.
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Edit: actually, I'm not clear on the difference between the endowment effect and loss aversion.