Ownership (psychology)

People can feel ownership about a variety of things: products, workspaces, ideas, and roles.

Organizational commitment is defined as accepting the organization's goals, exerting effort, and a desire to maintain membership.

It was a revolutionary idea at the time, since most social programs in other countries were funded by a composite of government and worker contributions.

[44] These worker-only contributions were intended to install psychological ownership of benefits in workers, since each employee would be actively engaging in the program and have a sense of duty.

[43][45] The research has shown that their goals were met: people feel like the benefits they receive are coming from their own contributions.

[46][47] Similarly, endowment effect supports that investment decisions such as home purchases and stock ownership instantly increase the appraisal of that particular item.