ultrafacts:The IKEA effect is a cognitive bias that occurs…


The IKEA effect is a cognitive bias that occurs when consumers place a disproportionately high value on products they partially created. The name derives from the Swedish manufacturer and furniture retailer IKEA, which sells many furniture products that require assembly.

Official experimental results on the IKEA effect were first published by Michael I. Norton of Harvard Business School, Daniel Mochon of Yale University, and Dan Ariely of Duke University in 2011. Their experiments demonstrate that self-assembly impacts the evaluation of a product by its consumers. The results suggest that when people use their own labor to construct a particular product, even if done badly, they value the end result more than if they had not put any effort into its creation.

(Fact Source)

Follow Ultrafacts for more facts

Source: Learn about Interesting Facts and Amazing Facts plus a whole lot of Fun Facts and Strange Facts




Leave a Reply

Your email address will not be published. Required fields are marked *