Editing Endowment effect (section)

=== Biased information processing theories ===
Several cognitive accounts of the endowment effect suggest that it is induced by the way endowment status changes the search for, attention to, recollection of, and weighting of information regarding the transaction. Frames evoked by acquisition of a good (e.g., buying, choosing it rather than another good) may increase the cognitive [[Spreading activation|accessibility]] of information favoring the decision to keep one's money and not acquire the good. By contrast, frames evoked by disposition of the good (e.g., selling) may increase the cognitive accessibility of information favoring the decision to keep the good rather than trade or dispose of it for money (for a review, see Morewedge & Giblin, 2015).<ref name="Morewedge2015" /> For example, [[Query theory|Johnson and colleagues]] (2007)<ref>{{cite journal|last1=Johnson|first1=Eric J. |last2=Häubl |first2=Gerald |last3=Keinan |first3=Anat |title=Aspects of endowment: A query theory of value construction |journal=Journal of Experimental Psychology: Learning, Memory, and Cognition |date=2007 |volume=33 |issue=3 |pages=461–474 |doi=10.1037/0278-7393.33.3.461 |pmid=17470000 |s2cid=9699491}}</ref> found that prospective mug buyers tended to recall reasons to keep their money before recalling reasons to buy the mug, whereas sellers tended to recall reasons to keep their mug before reasons to sell it for money.