IDEAS home Printed from https://ideas.repec.org/a/eee/jobhdp/v108y2009i2p303-314.html

Duration neglect by numbers--And its elimination by graphs

Author

Listed:
  • Liersch, Michael J.
  • McKenzie, Craig R.M.

Abstract

People tend to neglect duration when retrospectively evaluating aversive experiences, causing memories to be at odds with experienced pain. However, memory was not involved in the original demonstration of duration neglect. Instead, people evaluated others' experiences represented by lists of discomfort ratings. Duration was said to be neglected because attention was focused on peak and end ratings. Three experiments are reported demonstrating that graphs rather than number lists can make duration neglect disappear without increasing attention to episode duration. Graphs can eliminate duration neglect because, relative to number lists, strategies that incorporate duration are more easily employed. The results suggest that when hedonic information does not have to be remembered, people will use all, not just peak and end, moments when evaluating experiences, and that format presentation affects how people combine those moments. Caution is recommended when making theoretical and prescriptive generalizations based on duration neglect.

Suggested Citation

  • Liersch, Michael J. & McKenzie, Craig R.M., 2009. "Duration neglect by numbers--And its elimination by graphs," Organizational Behavior and Human Decision Processes, Elsevier, vol. 108(2), pages 303-314, March.
  • Handle: RePEc:eee:jobhdp:v:108:y:2009:i:2:p:303-314
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0749-5978(08)00078-2
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. Daniel Kahneman & Peter P. Wakker & Rakesh Sarin, 1997. "Back to Bentham? Explorations of Experienced Utility," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(2), pages 375-406.
    2. Schkade, David A. & Kleinmuntz, Don N., 1994. "Information Displays and Choice Processes: Differential Effects of Organization, Form, and Sequence," Organizational Behavior and Human Decision Processes, Elsevier, vol. 57(3), pages 319-337, March.
    3. Chu, P. C. & Spires, Eric E., 2003. "Perceptions of accuracy and effort of decision strategies," Organizational Behavior and Human Decision Processes, Elsevier, vol. 91(2), pages 203-214, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Cardoso, Ricardo Lopes & de Oliveira Leite, Rodrigo & Balloni, Armando & Fonseca, Thiago Richter, 2024. "When enough is enough: The impact of combined graphical impression management on financial judgement," Journal of Behavioral and Experimental Finance, Elsevier, vol. 43(C).
    2. Rodrigo de Oliveira Leite & Ricardo Lopes Cardoso, 2020. "The Theory of Cognitive-Conditional Conservatism in Accounting," Mathematics, MDPI, vol. 8(9), pages 1-7, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Arndt Bröder & Ben Newell, 2008. "Challenging some common beliefs: Empirical work within the adaptive toolbox metaphor," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 3, pages 205-214, March.
    2. McCausland, David & Pouliakas, Konstantinos & Theodossiou, Ioannis, 2005. "Some are Punished and Some are Rewarded: A Study of the Impact of Performance Pay on Job Satisfaction," MPRA Paper 14243, University Library of Munich, Germany.
    3. Yamada, Katsunori & Sato, Masayuki, 2013. "Another avenue for anatomy of income comparisons: Evidence from hypothetical choice experiments," Journal of Economic Behavior & Organization, Elsevier, vol. 89(C), pages 35-57.
    4. Francesco GUALA, 2017. "Preferences: Neither Behavioural nor Mental," Departmental Working Papers 2017-05, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    5. van Hoorn, André, 2018. "Is the happiness approach to measuring preferences valid?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 73(C), pages 53-65.
    6. Thi Truong An Hoang & Andreas Knabe, 2021. "Time Use, Unemployment, and Well-Being: An Empirical Analysis Using British Time-Use Data," Journal of Happiness Studies, Springer, vol. 22(6), pages 2525-2548, August.
    7. Carter, Steven & McBride, Michael, 2013. "Experienced utility versus decision utility: Putting the ‘S’ in satisfaction," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 42(C), pages 13-23.
    8. Leive, Adam, 2018. "Dying to win? Olympic Gold medals and longevity," Journal of Health Economics, Elsevier, vol. 61(C), pages 193-204.
    9. Ali Abdelzadeh, 2014. "The Impact of Political Conviction on the Relation Between Winning or Losing and Political Dissatisfaction," SAGE Open, , vol. 4(2), pages 21582440145, May.
    10. Elie Matta & Jean McGuire, 2008. "Too Risky to Hold? The Effect of Downside Risk, Accumulated Equity Wealth, and Firm Performance on CEO Equity Reduction," Organization Science, INFORMS, vol. 19(4), pages 567-580, August.
    11. Senik, Claudia, 2008. "Is man doomed to progress?," Journal of Economic Behavior & Organization, Elsevier, vol. 68(1), pages 140-152, October.
    12. Che-Yuan Liang, 2017. "Optimal inequality behind the veil of ignorance," Theory and Decision, Springer, vol. 83(3), pages 431-455, October.
    13. W. J. Wouter Botzen & Louison D. Thepaut & Sanchayan Banerjee, 2025. "Kahneman’s Insights for Climate Risks: Lessons from Bounded Rationality, Heuristics and Biases," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 88(10), pages 2663-2688, October.
    14. Blanchflower, David G. & Oswald, Andrew J., 2004. "Well-being over time in Britain and the USA," Journal of Public Economics, Elsevier, vol. 88(7-8), pages 1359-1386, July.
    15. Sabatini, Fabio & Sarracino, Francesco, "undated". "Keeping up with the e-Joneses: Do Online Social Networks Raise Social Comparisons?," ETA: Economic Theory and Applications 234936, Fondazione Eni Enrico Mattei (FEEM).
    16. Gardner, Jonathan & Oswald, Andrew J., 2007. "Money and mental wellbeing: A longitudinal study of medium-sized lottery wins," Journal of Health Economics, Elsevier, vol. 26(1), pages 49-60, January.
    17. Drakopoulos, Stavros, 2011. "Hierarchical Needs, Income Comparisons and Happiness Levels," MPRA Paper 48343, University Library of Munich, Germany.
    18. Konstantinos Drakos, 2009. "Cross-Country Stock Market Reactions to Major Terror Events: The Role of Risk Perception," Economics of Security Working Paper Series 16, DIW Berlin, German Institute for Economic Research.
    19. Gabriel Leite Mota, 2022. "Unsatisfying ordinalism: The breach through which happiness (re)entered economics," Regional Science Policy & Practice, Wiley Blackwell, vol. 14(3), pages 513-528, June.
    20. Naomi Friedman-Sokuler & Claudia Senik, 2022. "Time-Use and Subjective Well-Being: Is there a Preference for Activity Diversity?," PSE Working Papers halshs-03828272, HAL.

    More about this item

    Keywords

    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jobhdp:v:108:y:2009:i:2:p:303-314. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/obhdp .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.