An example of a reference point is the fact that individuals tend to:

A) value an item more when they own it.
B) value an item more when they do not own it.
C) value an item the same, whether they own it or not.
D) value an item more when the lose it.

Reference Point

A baseline value or condition used for comparison in various contexts, including economics, decision making, and psychology.

Item Value

The worth or utility that a specific item or product holds for an individual or the market.

Ownership

The state or fact of exclusive rights and control over property, which can be an object, land/real estate, or intellectual property.