Will become a inspir... • 2m
“The IKEA Effect: Why We Value What We Build” The IKEA Effect is a psychological phenomenon where people place higher value on products they partially create themselves. The name comes from IKEA, where customers assemble furniture — and end up loving it more because they built it. This effect is widely used beyond furniture. Brands like Build-a-Bear, Nike By You, and custom PC brands let users personalize or assemble products. It creates a sense of ownership, emotional attachment, and higher perceived value — even if the final product is simple. By involving customers in the creation process, businesses not only increase satisfaction but also reduce price sensitivity and build stronger loyalty.
Will become a inspir... • 1m
“Mine to Keep: How the Endowment Effect Makes You Value What You Try” The Endowment Effect is a psychological bias where people value things more once they own them—even if ownership is brief. Businesses use this to increase attachment and perceived
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“The Pricier, the Better: How the Veblen Effect Drives Luxury Brand Obsession” The Veblen Effect is a psychological phenomenon where demand for a product increases as its price rises—because the high price signals status, not just value. Luxury bran
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“The Decoy Effect: How Brands Trick You into Choosing More” The Decoy Effect is a pricing strategy where businesses introduce a third, less attractive option (the “decoy”) to subtly push customers toward a more profitable choice. It plays on human p
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