The endowment effect is the tendency for people who own a good to value it more than
people who do not. Its economic impact is consequential. It creates market inefficiencies and …

The argumentative theory of reasoning suggests that the main function of reasoning is to
exchange arguments with others. This theory explains key properties of reasoning. When …

Loss aversion, the principle that losses impact decision making more than equivalent gains,
is a fundamental idea in consumer behavior and decision making, though its existence has …

Decision researchers frequently analyze attention to individual objects to test hypotheses
about underlying cognitive processes. Generally, fixations are assigned to objects using a …

Previous work has demonstrated that Social Value Orientation (SVO) is related to
cooperative behavior in social dilemmas. However, little is known concerning the underlying …

People are often reluctant to trade, a reticence attributed to the endowment effect. The
prevailing account attributes the endowment effect to valuation-related bias, manifesting as …

This paper presents a theory of multi-alternative, multi-attribute preferential choice. It is
assumed that the associations between an attribute and an available alternative impact the …

Saving energy is an important pillar for the mitigation of climate change. Electric devices (eg,
freezer and television) are an important player in the residential sector in the final demand …

Organisms appear to learn and make decisions using different strategies known as model-
free and model-based learning; the former is mere reinforcement of previously rewarded …

Although ownership is acknowledged to exert a potent influence on various aspects of
information processing, the origin of these effects remains largely unknown. Based on the …