endowment effect
C1CEFR level
70/100Rarity: rare
TechnicalRegister
The tendency to value something more highly simply because one owns it.
The endowment effect meant employees demanded far more to surrender their share options than they would ever have paid to buy them.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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