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Ep. 208: To Fight Clutter, Beware the “Endowment Effect”

Happier with Gretchen Rubin

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The Endowment Effect

People experience a psychological phenomenon that is called the endowment effect, which means that we value things more once we own them. The significance of that is to think before you accept something and really press yourself to say do I really need this thing? Do I really love this thing?

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