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Luisa has offered her house for sale for $320,000. Leo lives across the street in an identical house. Leo recently stated to his wife that
Luisa has offered her house for sale for $320,000. Leo lives across the street in an identical house. Leo recently stated to his wife that Luisa's house is probably worth only $280,000 but that after she sells her house, he would like to put their own house on the market at $295,000. This behavior best illustrates which one of the following characteristics? Multiple Choice Myopic loss aversion House money effect Money illusion Self-attribution bias Endowment effect
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