2min chapter

The Jordan Harbinger Show cover image

414: Jonah Berger | How to Change Anyone's Mind

The Jordan Harbinger Show

CHAPTER

How Much Would Someone Have to Pay You to Buy That Mug?

LZ Granderson: Why is it that we're so afraid to lose things versus the prospect of gaining something? He says a study done many years ago with MUGS shows what's called the status quo bias or the endowment effect. LZ: The stuff we're doing, we like it a lot because we're already doing it. We know what it's like. It's hard to let it go. New stuff is costly. And so we become attached to the old things and unwilling to shift to new ones.

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