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endowment effect Archives

Evolutionary perspective illuminates controversial economic theory

Jul. 5, 2012—Groundbreaking new research in the field of “evolutionary analysis in law” not only provides additional evidence that chimpanzees share the controversial human psychological trait known as the endowment effect – which in humans has implications for law – but also shows the effect can be turned on or off for single objects, depending on their immediate situational usefulness.

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