This cognitive bias made me miss 900% profit | The Endowment Effect explained less than 3 min

I missed 900% (!) profit because of the endowment effect! This cognitive bias can impact your professional, financial, and social decisions.
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QUESTION - Has the endowment effect impacted your decisions before? If so, comment "I am also biased" down below! ⬇️
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⏰ Timecodes ⏰:
0:00 - Real Life Example
0:15 - The Endowment Effect
0:23 - Why Does It Happen?
1:17 - The Impact
1:40 - How Can We Avoid It?
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About: In this video, the endowment effect is explained in less than 3 minutes so you can quickly understand the psychology BEHIND your decisions. The endowment effect is just one of the applications of loss aversion in our lives, so make sure you know the root cause of it right here 👉 • Loss Aversion Bias Is ...

[@OrlySpivak]

Learning so much from this!

[@itsQueenBE]

Happy to hear! Is there a certain cognitive bias you are keen to learn about next?