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Re: Loss aversion and the endowment effect
Posted to Shop Management Forum on 11/4/2012 1 Reply

*This* explains why a business will post a whole bunch of stupid (Well, duh) signs in the office. "No outside food may be brought in", "No out of town, 2-party checks", "We're not cut-rate mechanics", ad nauseum.

It also explains the origin of many idiotic m... Login to read more.

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