read the scenario. jenny’s books no longer fit in her backpack. her friends suggest selling it, but she…

read the scenario. jenny’s books no longer fit in her backpack. her friends suggest selling it, but she thinks it’s worth more than anyone would pay. she believes no other backpack can match hers, even though others have better features. which type of cognitive bias is jenny exhibiting in the scenario? loss aversion herd mentality anchoring bias the endowment effect

read the scenario. jenny’s books no longer fit in her backpack. her friends suggest selling it, but she thinks it’s worth more than anyone would pay. she believes no other backpack can match hers, even though others have better features. which type of cognitive bias is jenny exhibiting in the scenario? loss aversion herd mentality anchoring bias the endowment effect

Answer

Brief Explanations:

La endowment effect se refiere a la tendencia de las personas a valorar más los objetos que poseen. Jenny cree que su mochila vale más de lo que alguien pagaría y que no hay otras mochilas que la igualen, a pesar de que otras tienen mejores características, lo que muestra el efecto de dotación.

Answer:

D. the endowment effect