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How the Endowment Effect Shapes Office Politics
Season 3
Episode 136
Published 3 weeks, 4 days ago
Description
Episode 136 of The Office Politics Podcast explores the endowment effect — our irrational tendency to overvalue what we already own, from a project to a parking spot. Lucas and Luna break down a real scenario at a mid-size software firm where a team lead refuses to pivot a struggling initiative because he's emotionally and politically invested. They discuss how this bias fuels turf wars, why it makes change management so hard, and a counterintuitive tactic to disarm it: asking someone to price their own idea objectively. Packed with practical insights for anyone navigating office influence.