The endowment effect
A. is the process of making attributions to the person or the situation.
B. is when negotiators believe their ability to be correct or accurate is greater than is actually true.
C. is the process of drawing conclusions from small sample sizes.
D. is the tendency to overvalue something you own or believe you possess.
Answer: D
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What will be an ideal response?
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Discuss two important ways of speeding up collection.
What will be an ideal response?