The money size illusion as a barometer of confidence? The case of high inflation in Israel

David Leiser; Gilad Izak

doi:10.1016/0167-4870(87)90028-6

The money size illusion as a barometer of confidence? The case of high inflation in Israel

David Leiser, Gilad Izak

Research output: Contribution to journal › Article › peer-review

11 Scopus citations

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.

Original language	English
Pages (from-to)	347-356
Number of pages	10
Journal	Journal of Economic Psychology
Volume	8
Issue number	3
DOIs	https://doi.org/10.1016/0167-4870(87)90028-6
State	Published - 1 Jan 1987

ASJC Scopus subject areas

Applied Psychology
Sociology and Political Science
Economics and Econometrics

Access to Document

10.1016/0167-4870(87)90028-6

Cite this

@article{e3c59aec7781436898bedd41999bde17,

title = "The money size illusion as a barometer of confidence? The case of high inflation in Israel",

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.",

author = "David Leiser and Gilad Izak",

year = "1987",

month = jan,

day = "1",

doi = "10.1016/0167-4870(87)90028-6",

language = "English",

volume = "8",

pages = "347--356",

journal = "Journal of Economic Psychology",

issn = "0167-4870",

publisher = "Elsevier B.V.",

number = "3",

}

TY - JOUR

T1 - The money size illusion as a barometer of confidence? The case of high inflation in Israel

AU - Leiser, David

AU - Izak, Gilad

PY - 1987/1/1

Y1 - 1987/1/1

N2 - 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.

AB - 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.

UR - http://www.scopus.com/inward/record.url?scp=38249035388&partnerID=8YFLogxK

U2 - 10.1016/0167-4870(87)90028-6

DO - 10.1016/0167-4870(87)90028-6

M3 - Article

AN - SCOPUS:38249035388

SN - 0167-4870

VL - 8

SP - 347

EP - 356

JO - Journal of Economic Psychology

JF - Journal of Economic Psychology

IS - 3

ER -

The money size illusion as a barometer of confidence? The case of high inflation in Israel

Abstract

ASJC Scopus subject areas

Access to Document

Other files and links

Fingerprint

Cite this