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Irrational Attachment (Why We Love What We Own)

  • Dan ArielyEmail author
  • Matt Trower
  • Aline Grüneisen
Chapter

Abstract

Ellen Langer’s early observation that people feel a false sense of connection to uncontrollable events has led to a long line of research, originating with Langer’s illusion of control and spanning a wide array of studies on the endowment effect, the IKEA effect, and the not-invented-here bias. Ellen Langer’s contributions to the study of irrational behavior and attachment have helped form the foundation of behavioral economics, inspiring researchers to this day.

Keywords

Illusion of control Endowment effect IKEA effect Not-invented-here bias Irrationality Irrational attachment Decision-making under uncertainty Behavioral economics 

Copyright information

© Springer International Publishing Switzerland 2016

Authors and Affiliations

  1. 1.Duke UniversityDurhamUSA

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