- We tried to buy people’s lottery tickets for much more than they paid.
- “Why Are We All So Stupid?” explores the cognitive biases that lead us to make irrational decisions.
- This episode focuses on the endowment effect, which is our tendency to overvalue something simply because we own it.
Watch other episodes of “Why Are We All So Stupid?”:
EDITOR’S NOTE: This video was originally published on December 14, 2018.
Business Insider Emails & Alerts
Site highlights each day to your inbox.