Invisibly, we engage in a fierce struggle with ‘time.’ Both economic activities and wealth accumulation are battles against time. Time is fair and irreversible. Therefore, it makes sense to evaluate and judge the value of an asset based on time. Additionally, we analyze past records to assess and forecast the future, while also avoiding current deprivation by bringing the concept of ‘future’ into the present to compensate for insufficient assets. All of this is the magic of time. The past influences the present, and the future shapes the present. The present of the past is molded by the current moment, and the future will also attempt to predict what lies ahead by examining the present. We live by differentials and sometimes integrals. I believe this phenomenon occurs because the concept of infinity exists. - 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 though...