23 checked facts

Value

Everything on this site about value — 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 just because you made them.
The IKEA effect demonstrates that people assign higher value to projects or products when they have personally contrib…
You value things more just because you made them.
People rate items they partially assembled as equal in value to items built by professionals.…
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 value things more when you think they required effort.
A 2004 study showed that participants valued the same physical objects more when they were told the creator struggled …
You overvalue items because you own them.
A 1990 study demonstrated that sellers consistently ask for higher prices than buyers are willing to pay for the exact…
You value things more if you had to work for them.
Increased involvement in the construction of an object leads to a higher subjective appraisal of its worth.…
You value things more if you helped make them.
The IKEA effect demonstrates that personal labor increases the perceived value of an object, provided that the labor r…
You believe objects have a hidden true nature.
Psychological essentialism asserts that people believe certain categories—primarily natural kinds—possess an underlyin…
A smaller gift can feel more valuable than a larger one.
The less-is-better effect, described by Christopher Hsee in 1998, demonstrates that individuals often value smaller se…
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 things more just because you suffered for them.
Effort justification is a specific paradigm derived from cognitive dissonance theory, most notably demonstrated by Aro…
You prefer a smaller reward now over a larger one later.
A 1975 study found that the subjective value of a reward decreases hyperbolically as the delay to receive it increases…
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.…