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CHAPTER 7<br />

The High Price<br />

of Ownership<br />

Why We Overvalue What We Have<br />

t Duke University, basketball is somewhere between a<br />

i\passionate hobby and a religious experience. The basketball<br />

stadium is small and old and has bad acoustics—the<br />

kind that turn the cheers of the crowd into thunder and<br />

pump everyone's adrenaline level right through the roof.<br />

The small size of the stadium creates intimacy but also means<br />

there are not enough seats to contain all the fans who want<br />

to attend the games. This, by the way, is how Duke likes it,<br />

and the university has expressed little interest in exchanging<br />

the small, intimate stadium for a larger one. To ration<br />

the tickets, an intricate selection process has been developed<br />

over the years, to separate the truly devoted fans from<br />

all the rest.<br />

Even before the start of the spring semester, students who<br />

want to attend the games pitch tents in the open grassy area

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