Bad Decisions

Endowment Effect: Why we always sit in the same damn seat


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Cars, homes, pens, mugs - it doesn’t matter what it is - if it’s ours, chances are we'll think it's more valuable than it really is. In this episode, Mel and Dan look at why we're always going to be disappointed when we sell something second hand, and how marketers can make their products irrationally valuable in the eyes of consumers.

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Bad DecisionsBy Dan & Mel

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