We consider the Cauchy problem for the pth order nonlinear Schrödinger equation in one space dimension iut + 1 2 uxx = |u| p , x ∈ R, t > 0, u (0, x) = u0 (x) , x ∈ R, where p > ps = 3+ √ 17 2. We reveal that p = 4 is a new critical exponent with respect to the large time asymptotic behavior of solutions. We prove that if ps < p < 4, then the large time asymptotics of solutions essentially differs from that for the linear case, whereas it has a quasilinear character for the case of p > 4.