2016
DOI: 10.1177/0031512516660717
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Quantity Distortion Effect in Consumers’ Perception of Different Volumes and Weights of Money

Abstract: Consumers tend to misunderstand the physical value of cash money by adopting improper anchors for their judgments (e.g., banknote size and shape, currency denominations, etc.). In a pilot study carried out on a sample of 242 participants (n = 116 men; M age = 29.6 year, SD = 10.8), a quantity distortion effect was demonstrated by evaluating consumers' misperceptions of different monetary quantities, either in terms of volume or weight, using banknotes of the same denomination (€50). A threshold value was found… Show more

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Cited by 3 publications
(1 citation statement)
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“…The results indicate that respondents overestimated the fat content of the high-fat stimulus (M = 89.12) and underestimated the fat content of the low-fat stimulus (M = 9.98; F = 7.23, p < 0.001) (cf. Guido et al. , 2016).…”
Section: Studymentioning
confidence: 99%
“…The results indicate that respondents overestimated the fat content of the high-fat stimulus (M = 89.12) and underestimated the fat content of the low-fat stimulus (M = 9.98; F = 7.23, p < 0.001) (cf. Guido et al. , 2016).…”
Section: Studymentioning
confidence: 99%