When a moving object abruptly disappears, this profoundly influences its localization by the visual system. In Experiment 1, 2 aligned objects moved across the screen, and 1 of them abruptly disappeared. Observers reported seeing the objects misaligned at the time of the offset, with the continuing object leading. Experiment 2 showed that the perceived forward displacement of the moving object depended on speed and that offsets were localized accurately. Two competing representations of position for moving objects are proposed: 1 based on a spatially extrapolated internal model, and the other based on transient signals elicited by sudden changes in the object trajectory that can correct the forward-shifted position. Experiment 3 measured forward displacements for moving objects that disappeared only for a short time or abruptly reduced contrast by various amounts. Manipulating the relative strength of the 2 position representations in this way resulted in intermediate positions being perceived, with weaker motion signals or stronger transients leading to less forward displacement. This 2-process mechanism is advantageous because it uses available information about object position to maximally reduce spatiotemporal localization errors.Keywords: flash-lag effect, backward masking, visual transients, motion extrapolation, moving objects Supplemental materials: http://dx.doi.org/10.1037/a0012317.suppIn the flash-lag effect, a moving object appears to be ahead of a spatially aligned flashed object. This finding has sparked a debate about how the nervous system processes moving objects and determines their perceived position. This is an important problem as neural delays in the retina and the central vision pathway are liable to lead to spatial localization errors. One hypothesis, termed motion extrapolation, states that moving objects are spatially shifted forward to counteract the influence of neural delays in the visual pathways on the perceived position of moving objects (Nijhawan, 1994). If one assumes that perceptual awareness of the position of an object requires cortical activity, then a delay in the pathway from the photoreceptors to the primary visual cortex of about 80 ms (Schmolesky et al, 1998) would imply that moving objects are always perceived to lag their "true" position by the distance they moved in that time. However, by analyzing the speed and direction of a moving object, the visual system could extrapolate its position forward by an appropriate amount and so compensate for these processing delays. In the flash-lag effect, this forward shift is apparent, because the flash does not undergo an equivalent spatial shift, thereby resulting in a perceived gap between the moving object and the flash, although they are physically aligned.Several alternative accounts have been brought forward to explain the findings of the flash-lag effect, amongst them differential attentional deployment