Ever wonder why you are so attached to your possessions? It’s most likely due to something known as the “endowment effect” and to our deep-seated belief that items contain their own special essences.
These quirks explain everything from why we value family heirlooms to why people bid enormous sums for items that once belonged to celebrities.
Curious to learn more? Check out the video below.
Do you know the risks associated with your Social Security card? Check out “Watch This — The Risks of Social Security Cards.”
Are you unusually attached to one of your possessions? Tell us about it by commenting below or on our Facebook page.
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