
Understanding Ownership and the Endowment Effect
Interactive Video
•
Psychology, Social Studies, Education
•
9th - 12th Grade
•
Hard

Olivia Brooks
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What psychological phenomenon explains why people value items more once they own them?
Ownership Bias
Endowment Effect
Possession Syndrome
Value Attachment
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the study involving students, what percentage chose to keep the mug when given a chance to swap it for chocolate?
89%
50%
11%
25%
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What part of the brain shows increased activity when people view items they consider their own?
The cerebellum
The frontal lobe
The occipital lobe
The region associated with self-reflection
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why do children prefer their original toy over an identical copy?
The original is more colorful
They believe the original has a unique essence
The copy is of lower quality
They are told to prefer the original
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do beliefs about ownership affect our perception of celebrity-owned items?
They are seen as less valuable
They are believed to carry the essence of the celebrity
They are considered ordinary
They are avoided by collectors
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What effect did using a golf putter owned by a champion have on participants?
They performed worse
They felt more nervous
They perceived the hole as smaller
They sank more putts
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which cultural group does not exhibit the endowment effect?
Urban populations
Nomadic tribes
Western societies
The Hadza people
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