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Video instructions and help with filling out and completing Where Form 8865 Attach

Instructions and Help about Where Form 8865 Attach

Music: After witnessing the violent rage shown by babies whenever deprived of an item they considered their own, Jean Piaget, a founding father of child psychology, observed something profound about human nature. Our sense of ownership emerges incredibly early. Why are we so clingy? - There's a well-established phenomenon in psychology known as the endowment effect, where we value items much more highly just as soon as we own them. In one famous demonstration, students were given a choice between a coffee mug or a Swiss chocolate bar as a reward for helping out with research. Half chose the mug and half chose the chocolate, indicating that they seemed to value the two rewards similarly. - Other students were given a mug first and then a surprise chance to swap it for a chocolate bar, but only 11% wanted to. Yet another group started out with chocolate, and most preferred to keep it rather than swap. In other words, the students nearly always put greater value on whichever reward they started out with. - Part of this has to do with how quickly we form connections between our sense of self and the things we consider ours. That can even be seen at the neural level. In one experiment, neuroscientists scanned participants' brains while they allocated various objects either to a basket labeled "mine" or another labeled "Alex's." When participants subsequently looked at their new things, their brains showed more activity in a region that usually flickers into life whenever we think about ourselves. - Another reason we're so fond of our possessions is that, from a young age, we believe they have a unique essence. Psychologists showed us this by using an illusion to convince 3 to 6-year-olds. They built a copying machine, a device that could create perfect...