How does the endowment effect contradict aspects of, Econometrics

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How does the endowment effect contradict aspects of

1. How does the endowment effect contradict aspects of conventional economic theory?

2. What is the importance of the reference point in loss aversion?

3. Describe one example of anchoring.

4. How does mental accounting affect individuals' consumption decisions?

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Econometrics: How does the endowment effect contradict aspects of

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