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Happier with Gretchen Rubin

Little Happier: The IKEA Effect, or How We Value Things According to What They Cost Us

Happier with Gretchen Rubin

Lemonada Media

Education, Health & Fitness, Self-improvement

4.713.2K Ratings

🗓️ 3 July 2023

⏱️ 3 minutes

🧾️ Download transcript

Summary

As IKEA, instant cake mixes, and meal-kit delivery services demonstrate, we often value things according to how much they cost us—whether that’s in time, money, energy, or imagination. Get in touch: podcast@gretchenrubin.com Follow on social media: @GretchenRubin on YouTube @GretchenRubin on TikTok @GretchenRubin on Instagram Get the podcast show notes by email every week: happiercast.com/shownotes Get Gretchen Rubin’s newest book Life in Five Senses to see how she discovered a surprising path to a life of more energy, creativity, luck, and love: by tuning in to the five senses. Now available - order here. Visit Gretchen's website to learn more about Gretchen's best-selling books, products from The Happiness Project Collection, and the Happier app.  Happier with Gretchen Rubin is part of ‘The Onward Project,’ a family of podcasts brought together by Gretchen Rubin—all about how to make your life better. Check out the other Onward Project podcasts— Side Hustle School, Happier in Hollywood and Everything Happens with Kate Bowler. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices See omnystudio.com/listener for privacy information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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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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