Just as there is a distinction between rich and poor, there are also wealthy and impoverished thoughts. If you think poorly, you become poor. The mark of impoverished thinking is dwelling on the past instead of embracing the present. It’s said that the past was better, unable to accept the progress of the current system. When comparing the two, people often value what is familiar more than what is better. As a result, they make a less favorable choice and justify it. There is a pitfall in familiarity. - Joseph’s “just my thoughts”
The IKEA Effect is a type of the Ownership Effect . People tend to become more attached to owning an item than borrowing it. Additionally, putting effort into their possessions enhances this attachment. However, if the effort is too much, it can have the opposite effect. IKEA intentionally does not sell furniture as finished products. Instead, it uses a sales method that encourages customers to assemble their furniture, which increases their satisfaction with the final piece. Furniture is not just a temporary consumer product but an experiential item that is visible and used regularly over time. When owners value their furniture, they see it as a vital part of their lives and a reflection of their family relationships, rather than simply a product that meets their needs. Customers who experience this tend to desire more than just furniture; they seek a symbol that fosters family bonds. However, this sales approach may not be suitable for all types of products. - Joseph’s “just my thou...