Before revision: In psychology and behavioral economics, the endowment effect (also known as divestiture aversion and related to the mere ownership effect in social psychology ) is the finding that people are more likely to retain an object they own than acquire that same object when they do not own it.
After revision: In psychology and behavioral economics, the endowment effect (also known as divestiture aversion ) is the finding that people are more likely to retain an object they own than acquire that same object when they do not own it.