In a business class experiment on the endowment effect, theo is comparing the value of a coffee mug to someone who owns it and is selling it to someone who is buying it. the endowment effect describes the tendency of sellers to value something they own more than buyers do. participants are randomly assigned to be buyers or sellers of a mug with their first name on it. buyers select the maximum price they would pay for the mug. sellers select the minimum price they would accept for the mug. how does theo control for selection effects?

Jeanie had always been interested in how individuals and businesses effectively allocate their resources in order to accomplish personal and organizational goals. that’s why she majored in economics and took on an entry-level position at an accounting firm. she is very interested in further advancing her career by looking into a specialization that builds upon her academic background, and her interest in deepening her understanding of how companies adjust their operating results to incorporate the economic impacts of their practices on internal and external stakeholders. which specialization could jeanie follow to get the best of both worlds? jeanie should chose to get the best of both worlds.