The Serengeti Plain Fallacy: Fallacies that aren't fallacies

Endowment effect

Valuing an object more, only because you possess it.

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We are emotionally attached to things that we own. It makes sense: There’s an emotional investment in having made the decision, in shifting or cementing your identify as “a person who would have this object,” and how you believe that ownership will be perceived by others. ... See more