Gift-giving

Ikea Effect

Recognize that a homemade gift may hold more sentimental value to you than the recipient, and consider whether a store-bought gift might be more appropriate.

Decoy Effect

Knowing the decoy effect can help you choose the perfect gift for someone, by focusing on their preferences and interests rather than the presence of less appealing alternatives.

Peak-End Rule

Selecting meaningful or unique gifts and presenting them in an appealing manner to create a memorable experience for the recipient.

Similar Situations

Hedonic Treadmill

Gifting: Realizing that gifts provide temporary happiness can encourage you to focus on giving experiences (like concert tickets or cooking classes) that create lasting memories.

60-30-10 Rule

Gift wrapping: Use the rule to create visually pleasing gift-wrapping designs.

Dunning–Kruger Effect

Giving Advice: People can avoid confidently giving bad advice in areas they aren’t truly knowledgeable about.

Minto Pyramid

Giving feedback: When giving feedback, using Minto Pyramid can help you organize your thoughts and present your feedback in a clear and constructive manner.

Johari Window

Feedback Culture: Giving and receiving constructive criticism to foster growth and improvement.

SCARF Model

Delegating Tasks: Giving employees autonomy and clarity on expectations prevents frustration.

Volunteering and charitable giving: Understanding loss aversion can help you evaluate the impact of your donations and volunteer work by considering the potential gains and losses associated with each opportunity.

Sunk Cost Fallacy

Volunteering and charitable giving: Knowing the sunk cost fallacy can help you make more informed choices about where to donate your time and money, without feeling obligated to continue supporting a cause based on past contributions.