U.S. News

Study Says Personal Clutter Is Evolutionary…

IF YOUR home is cluttered because you cannot bring yourself to throw anything away, do not worry. This attachment to the things we own is fundamental to our survival, according to a team of economists.

The observation that the things we own are more valuable to us than to other people simply because they are ours is widely acknowledged by economists, who call it the “endowment effect”. This holds that people demand more money to give up an object than they are willing to spend to acquire it, and explains why most of us would not swap our favourite sweater, for example, with something of equal value.

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