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What are the phenomena in China traditional culture that can be explained by behavioral economics?
They did an experiment, giving half of them a cup and half of them nothing. Then I asked people with cups how much they were willing to pay to sell them. People without cups found that the former was much higher than the latter.
I personally experienced the endurance effect. I once bought someone else's second-hand mirror. Before buying, the girl said you would just come and get it. I won't charge you for it. I think it's a good deal. As a result, it was found that her real willingness to accept was 15, which was twice the market price of 5. Then the girl's reason is that my mirror is better than that on the market. You see, it's tilted, and it looks very thin when it comes out.
A picture of self-protection immediately came to my mind.
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