Latest / Behavioral Economics with Fexingo: Decision Making, Bias, and How People Really Spend
The Endowment Effect in Reverse
In this episode of Behavioral Economics with Fexingo, Lucas and Luna explore the 'endowment effect in reverse' — why letting go of what we own feels so painful that we often hold onto things that actively cost us money. They anchor the discussion in a concrete case: a 2025 study of Australian households that tracked how much people lost by keeping an unused second car, an old smartphone contract, and a gym membership they never used. The hosts break down the psychological mechanics — loss aversion, the 'sunk cost' of ownership, and the 'status quo bias' — and…
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