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Medium Impact
Algorithm: Low
Economic
IKEA Effect
"Anything I partially create becomes a masterpiece. Sweat equity equals artistic value."
What is IKEA Effect?

Overvaluing products one has partially created. DIY becomes psychological ownership on steroids.

Real-World Impact

Drives the DIY industry, makes people overvalue their own work, and explains the popularity of customization.

Fun Fact

Named after the Swedish furniture company, this bias explains why people love crafts, cooking, and any 'build-your-own' products.

Random Insight

"Fun fact: You just fell for a bias discovered by psychologists who were probably biased themselves."