The MPG Illusion
SciencePublished 19 June 2008
Richard P. Larrick, Jack B. Soll
Citations366
SJR quartileQ1
SJR score10.42
SNIP6.62
Generate an AI Snapshot to get a quick, structured summary of this paper.
Study Snapshot
ObjectiveStudy objective
MethodsResearch methodology
PopulationPopulation studied
Sample sizeSample sizes
OutcomesStudy outcomes here
ResultsStudy results comes here
LimitationsResearch study limitations comes here
A concise AI-generated summary of the paper will appear here once you click Generate AI Snapshot.
TL;DR
Using "miles per gallon" as a measure of fuel efficiency leads people to undervalue the benefits of replacing the most inefficient automobiles.
Abstract
1,510238MetricsTotal Downloads1,510Last 6 Months212Last 12 Months387Total Citations238Last 6 Months0Last 12 Months0View all metrics
Keywords
PsychologyDecision SciencesEconomics, Econometrics and Finance
Academy of Management ReviewHeuristics and Biases: The Psychology of Intuitive Judgment
3,600 Citations2004William P. Bottom, Thomas Gilovich +2 more
Cambridge University Press eBooksRepresentativeness Revisited: Attribute Substitution in Intuitive Judgment
3,322 Citations2002Daniel Kahneman, Shane Frederick
Cognitive PsychologyGoals as Reference Points
1,033 Citations1999Chip Heath, Richard P. Larrick +1 more
It is argued that goals serve as reference points and alter outcomes in a manner consistent with the value function of Prospect Theory and is used to explain previous empirical results in the goal literature on affect, effort, persistence, and performance.
Climatic ChangeUnderstanding public complacency about climate change: adults’ mental models of climate change violate conservation of matter
429 Citations2007John D. Sterman, Linda Booth Sweeney
Measuring Constructed Preferences: Towards a Building Code
386 Citations1999John W. Payne, James R. Bettman +3 more
A "building code" for preference measurement is needed in a world in which many expressions of preference are constructed when people are asked a valuation question and how the code must be sensitive to the purpose of the valuation is discussed.
Journal of Risk and UncertaintyMeasuring Constructed Preferences: Towards a Building Code
272 Citations1999John W. Payne, James R. Bettman +1 more
Journal of Risk and UncertaintyConfusion of Relative and Absolute Risk in Valuation
201 Citations1997Jonathan Baron
It is suggested that willingness to pay for government medical insurance for diseases when the number of people who could not be cured was higher can be explained in terms of a general tendency to confuse proportions and differences, analogous to other confusions of quantitative dimensions in children, adults, the news media, and perhaps even the epidemiological literature.
Journal of Consumer ResearchMedium Maximization
162 Citations2003Christopher K. Hsee, Frank Yu +2 more
Academy of Management JournalUNDERSTANDING THE INFLUENCE OF ENVIRONMENTAL STANDARDS ON JUDGMENTS AND CHOICES.
120 Citations2000Ann E. Tenbrunsel, Kimberly A. Wade‐Benzoni +2 more
CognitionDebias the environment instead of the judge: an alternative approach to reducing error in diagnostic (and other) judgment
86 Citations1993Joshua Klayman
A study of diagnostic reasoning in which subjects learned to distinguish two fictitious diseases, showing how interventions that modify the environment may provide an alternative approach where it is difficult to modify people's processes.
Journal of Public Policy & MarketingCognitive Biases, Cognitive Limits, and Risk Communication
20 Citations2004Jonathan Baron