Effects of Ownership. It refers to valuing what one owns from one’s own perspective. The competition to buy tickets for the Duke University basketball game was very fierce, so the university decided to distribute tickets through a lottery. Some students applied for the same ticket, and among them, the winning students and dropout students were asked about their valuations: the winners were asked how much they would sell the ticket for, while the dropout students were asked how much they would buy it for. The lowest selling price from the winners was $2,410, whereas the highest buying price from the dropout students was $170. The difference was substantial. When asked why they thought so, ticket holders considered the value of giving up the ticket, while ticket buyers considered the value of exchanging cash for it. In other words, possession represented the benefit of sacrificing something else. Value judgments depend on what we own. - Joseph’s “just my thoughts”
There is a study called “computational psychiatry”. This study will help patients suffering from depression or hallucinations by studying AI algorithms such as “reinforcement learning” among computer AI functions. Machines are examples of human treatment. Conversely, people wonder if AI-learning humans can be depressed like humans. The answer is “yes”. It is a fact that scientists consider it possible. People thought human emotion was something special. However, emotions can be replaced with symbol combinations promised as signals in the algorithm world. In other words, the emotion on the machine is “selection”. - Joseph’s “just my thoughts”