The money size illusion as a barometer of confidence? The case of high inflation in Israel
Journal of Economic PsychologyPublished 1 September 1987
David Leiser, Gilad Izak
Citations15
SJR quartileQ1
SJR score1.33
SNIP1.13
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.
Abstract
Abstract Israel has known a very high inflation rate and two currency changes in thepast five years. Coin size estimation by 97 subjects reveals a general tendency to underestimate sizes. The specific pattern of results suggests that coin size estimation is influenced by the subject's attitude towards the coin in question, that inflation and actual value of the coin are not the only determinants of that attitude, and that the attitude remains unchanged if the coin is removed from circulation.
Keywords
Social Sciences
Psychological ReviewCoin perception studies and the concept of schemata.
48 Citations1956Harold McCurdy
There are certain points of agreement between several coin studies, old and new, but the agreement is not such as to encourage the Bruner-Goodman theory that perception itself is distorted by value and need, at least directly.
Journal of Economic PsychologyInflation, decimalization and the estimated sizes of coins
41 Citations1981Stephen E. G. Lea
Journal of Economic PsychologyInflation and the estimated sizes of notes
22 Citations1983Adrian Furnham
Perceptual and Motor SkillsSocio-Economic Differences in Size-Judgments of Discs and Coins by Chinese Primary VI Children in Hong Kong
17 Citations1975John Dawson
The present experimental data provide some cross-cultural support for Bruner and Goodman's (1947) hypothesis about perceptual accentuation and some evidence for Tajfel's ‘interserial’ and ‘intraserial effects’ more particularly for the lower socio-economic children, although similar trends were apparent for the smaller group of higher socio- economic children.
Perceptual and Motor SkillsCoin Value and Perceived Size: A Longitudinal Study
14 Citations1975Howard V. Smith, Raymond G. Fuller +1 more
Decimalization of the Irish currency presented an opportunity to study the perceived size of coins as they were introduced or withdrawn and to examine the accentuation of differences between coins.