9 checked facts

Value

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

You value a service more when you see the work.
The labor illusion suggests that users perceive more value in a service if they observe the effort required to produce…
You value items more just because they are rare.
A 1975 study showed that participants rated cookies as more desirable when they were presented in a nearly empty jar.…
You rate an object higher because you built it.
The IKEA effect suggests that individuals place a disproportionately high value on products they partially created.…
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 value items more simply because they are scarce.
A 1975 study demonstrated that cookies presented in a scarce supply (two cookies) were rated significantly higher in q…
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 the things you own more than identical objects.
The mere ownership effect demonstrates that merely possessing an item increases its perceived value significantly.…
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.…