Monday, July 25, 2016

Shakespeare on the Endowment Effect

My lord, 'tis rated
As those which sell would give: but you well know,
Things of like value differing in the owners
Are prized by their masters: believe't, dear lord,
You mend the jewel by the wearing it.

(Timon of Athens, Act 1, Scene 1, Lines 209-213)

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *

Let Helen go:
Since the first sword was drawn about this question,
Every tithe soul, 'mongst many thousand dismes,
Hath been as dear as Helen; I mean, of ours:
If we have lost so many tenths of ours,
To guard a thing not ours nor worth to us,
Had it our name, the value of one ten,
What merit's in that reason which denies
The yielding of her up?

(Troilus and Cressida, Act 2, Scene 2, Lines 1006-1014)

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