As we interact with the external world, we judge magnitudes from sensory information. The estimation of magnitudes has been characterized in primates, yet it is largely unexplored in non-primate species. Here, we show that gerbils that solve a time-interval reproduction task display primate-like magnitude estimation characteristics, most prominently a systematic overestimation of small stimuli and an underestimation of large stimuli, often referred to as regression effect. We investigated the underlying neural mechanisms by recording from medial prefrontal cortex and show that the majority of neurons respond either during the measurement or the reproduction of a time-interval. Cells that are active during both phases display distinct response patterns. We categorize the neural responses into multiple types and demonstrate that only populations with mixed responses can encode the bias of the regression effect. These results reveal the organizing neural principles of an important higher cognitive function.Animals including humans estimate the magnitude of physical stimuli, integrate path length and keep track of duration to gather behaviorally relevant information from their environment. Although such estimates may ultimately be used for binary actions, like discriminating items or events and making decisions, the estimation itself is done on a continuum of values. Behavioral analyses over the past century established specific biases in magnitude estimation [e.g. reviewed in 1] such as the regression effect, i.e. the overestimation of small and the underestimation of large stimuli across a range of values. Recently, this bias regained attention as it may be the result of an error minimization strategy [2][3][4].Despite a long history of behavioral research on magnitude estimation, its neural basis is not well understood. It is an ongoing debate whether a dedicated or distributed 1