Professor Taylor
Psych 1100
Exaptation: A variation of adaptation. An adaptation is a core construct in evolutionary psychology, which is a characteristic that a species has that promotes its survival. An exaptation is something that arises from a characteristic that you already have. A characteristic that you have is modified to promote your survival. It might not have been a primary future, but it is a characteristic that human beings have acquired over time that humans have used to their advantage. For example, the ability to reject an offer is an exaptation that people have made over time, which people have benefited from.
Embodiment: Our first way of knowing things is through touch. Judgments anchored in physical experiences of the world. For example, if you create an embodied feeling of disgust, a person will be willing to get rid of things.
Endowment Effect: A person’s tendency to overvalue the things that they have. For example, you would expect someone to want to pay more for your house than that will be willing to pay.
What procedure did we use to demonstrate the endowment effect? To demonstrate the endowment effect, each person was passed a note card with a distinct number in the left hand corner. On the note card, each participant was asked to write the make and model of their car, year, mileage, and an offer for the value of the car. On the bottom of the notecard the words “accept” and “decline” were written. The cards were then collected, mixed, than re-passed to the class. Then the participants were asked to make their own offer, and on the back indicate only if their counter-offer was less than the original offer. This procedure was an example of the endowment effect because most people counter-offered less than the original offer. This demonstrates the endowment effect because the offer by the owner of the car was overvaluing their car and expecting them to pay more for it.
What procedure did we use to demonstrate