Little Happier: The IKEA Effect, or How We Value Things According to What They Cost Us
Happier with Gretchen Rubin
Lemonada Media
4.7 • 13.2K Ratings
🗓️ 3 July 2023
⏱️ 3 minutes
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| 0:00.0 | I'm Gretchen Rubin and this is a little happier. |
| 0:02.8 | I've been working on a book of aphorisms. |
| 0:05.9 | I'm writing my own aphorisms and collecting my favorite aphorisms written by other people. |
| 0:10.9 | But I have to say this project keeps expanding. |
| 0:14.8 | Now I'm also collecting proverbs of the professions, my own secrets of adulthood, |
| 0:19.7 | and all kinds of quirky lists on odd subjects. |
| 0:23.1 | One of those lists contains examples of times when people have done something |
| 0:29.6 | that to me shows a profound understanding of how people think and behave. |
| 0:36.9 | For instance, I'm fascinated by the actions of companies and organizations |
| 0:42.5 | that have taken advantage of one particular quirk of human nature. |
| 0:47.9 | We often value things according to how much they cost us. |
| 0:53.3 | There is a phenomenon called the Ikea effect, |
| 0:58.0 | which gets its name from the popular Swedish store with cells furniture |
| 1:02.5 | that people assembled themselves. |
| 1:04.9 | Studies show that if we feel we've made or created something ourselves, |
| 1:10.9 | we view our creation more favorably. |
| 1:13.7 | When we work harder on something, we tend to value it more highly. |
| 1:18.1 | This boost comes from the feeling of self-efficacy that we get from |
| 1:22.8 | making something and also from the fact that if we put effort into a task, |
| 1:27.4 | we tend to believe that our work was well justified. |
| 1:31.6 | Ikea isn't the only company to take advantage of this effect. |
| 1:36.0 | In the 1950s, when instant cake mixes were introduced, they didn't sell very well. |
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