The evolution of the endowment effect
The evolution of the endowment effect is a scholarly work, published in 2019 in ''Evolution and Human Behavior''. The main subjects of the publication include behavioral economics, heuristic, economics, social preferences, value, bounded rationality, loss aversion, The Evolution of Cooperation, biological competition, endowment effect, endowment, and microeconomics. The paper develops a simple model in which it is adaptive to have a bias against trade, potentially explaining the basis of the endowment effect.