Sam buys an autographed picture of his favorite football player for $300 on eBay. Upon showing it off, he is offered $350 for it. Sam indicates that he could not possibly sell for less than $450. This is an example of _______________

a. decision weights c. the endowment effect
b. loss aversion d. marginal utility


Answer: c

Psychology

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a. psychoanalytic b. social learning c. cognitive d. All of these answers are correct.

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Psychology