9 checked facts

Ownership

Everything on this site about ownership — each one naming the study behind it.

You assign value to objects solely through ownership.
A 1991 study found individuals value their own items at approximately twice the price (a 100% increase) they are willi…
You value things more once you claim them.
A 1990 study showed that people value an object significantly more simply because they consider it to be 'theirs' for …
You work harder for rewards you did not earn.
In the 2011 'IKEA Effect' study, participants were willing to pay significantly more—in one experiment, 63% more—for p…
You value items higher simply because you own them.
A 1990 study found participants were willing to pay $3.50 for a mug, but demanded $7.00 to part with it.…
You value your own possessions more than the market does.
In a 1990 experiment, participants demanded more money to sell a mug they were given than they were willing to pay to …
You value things more simply because you own them.
A 1990 study found that participants required nearly twice as much money to part with a mug they owned (willingness to…
You overvalue things just because you own them.
The endowment effect causes people to place a higher price on items simply because they have gained possession of them…
You value your possessions more than they are worth.
People demand a higher price to sell an item they own than they would pay to acquire that exact same item.…
You value your own possessions more than others do.
People consistently assign a higher monetary value to an object simply because they own it.…