In this paper we suggest that duration judgments of a given episode made after a time delay arise from a process that is fundamentally different from judgments made online or immediately after the episode. We propose a memory-based process called the "snapshot model." In our model, the human...

This paper examines the impact of currency numerosity on consumer perceptions of the value of transactions. It extends current theorizing on money illusion in several important ways. We propose a conceptualization that not only considers the nominal prices faced by consumers but, in line with...