#behavioral-economics
3 article(s)
The Anchoring Effect: How the First Number You Hear Hijacks Your Judgment
The first price, figure, or fact you encounter secretly sets the mental baseline for everything that follows — even when it's completely arbitrary. It's called anchoring.
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The Endowment Effect: Why We Overvalue Whatever We Already Own
The moment something becomes yours, it's suddenly worth more to you than it was a minute ago. This quiet bias makes us hoard, overprice, and cling to things we'd never buy today.
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Loss Aversion: Why Losing $100 Hurts More Than Winning $100 Feels Good
Our minds treat losses as roughly twice as powerful as equal gains. This single imbalance quietly drives bad investments, missed chances, and decisions ruled by fear.
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