In part it could be the endowment effect in play
Great simulator. I liked doing it one at a time for some reason.
My take is that people don't like the idea of switching because they feel like they've made their choice and they 'own' what is behind that door. People are convinced that it's not worth switching, even if you point out that if they are right about the stats, then switching is no worse.
(, Fri 4 Mar 2011, 11:34, Share, Reply)