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After witnessing the violent rage shown by babies whenever deprived of an item they considered their own, Jean Piaget, a founding father of child psychology, observed something profound about human nature. Our sense of ownership emerges incredibly early. Why are we so clingy? Theres a well-established phenomenon in psychology known as the endowment effect where we value items much more highly just as soon as we own them. In one famous demonstration, students were given a choice between a coffee mug or a Swiss chocolate bar as a reward for helping out with research. Half chose the mug, and half chose the chocolate. That is, they seemed to value the two rewards similarly. Other students were given a mug first and then a surprise chance to swap it for a chocolate bar, but only 11% wanted to. Yet another group started out with chocolate, and most preferred to keep it rather than swap. In other words, the students nearly always put greater value on whichever reward they started out with.