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Original: 6/25/2008 12:48 AM
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Wednesday, June 25, 2008

Clutter - "endowment effect"

 

Ce soir reading Economist. Yep, cant sleep so I'm doing intellectual thing

*Quote*

AN OBJECT is worth more to you if you already own it. Researchers found that some Cornell students who would choose a chocolate bar over a coffee mug start to prefer the mug once they have been given one. This “endowment effect” has been spotted with all sorts of things, from basketball tickets to shares and petrol vouchers. The question that has puzzled economists is just why a supposedly clever species like Homo sapiens should fall prey to something so irrational.

Now scientists may have provided an answer. The endowment effect has been seen in brain-imaging studies in people and in chimps, which suggests it is an evolutionary adaptation. Trade was risky when there were no contracts, law or language. The bird in the hand was worth even more when bushes were dangerous.

*Unquote*

So this suggests that humans have been hardwired to cling on to their possessions since the very beginning. We just want what we already had, e.g. if you gimme a choice of my lost huge money or a rich bf who's gonna pay my debt, i prefer the former.

How can the world keep so many things to themselves - where comes the space?

For modern life , the high cost of housing argues against clutter. Thats why I cant /havent done shoppin for long cuz I dun have the luxurious CARRIE's huge closet from MrBig! Yet where nature creates a problem, the market provides a solution. The personal-organisation industry can be to clutter. The clutter industry feeds the addiction. Self-storage has been the fastest-growing part of America's commercial-property business in the past 30 years.

 Posted 6/25/2008 12:48 AM - 14 Views - 0 eProps - 0 comments

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