An example of the Endowment effect, with some advice on how to overcome it.
Question: How do you make something instantly twice as expensive?
Answer: By thinking about giving it away.This might sound like a nonsensical riddle, but if you’ve ever felt overly possessive about your regular parking space, your pen, or your Star Wars box sets, then you’re experiencing some elements behind the psychology of ownership. Our brains tell us that we value something merely because it is a thing we have.