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Related Experiment Videos

Long-term memory and the value-size hypothesis.

J Kirkland, D Flanagan

Perceptual and Motor Skills

|June 1, 1979

Summary

This summary is machine-generated.

Ten years after New Zealand

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Area of Science:

Cognitive Psychology
Economic Psychology
New Zealand Monetary History

Background:

The value-size hypothesis suggests a correlation between perceived monetary value and physical size.
Understanding memory biases related to currency can inform economic and psychological research.

Purpose of the Study:

To investigate the long-term recall of coin size in relation to their monetary value.
To test the value-size hypothesis in the context of withdrawn New Zealand currency.

Main Methods:

Thirty-two participants individually selected brass discs to match the perceived size of three withdrawn New Zealand coins.
Participants' selections were compared to the original coin dimensions.

Main Results:

Related Experiment Videos

A higher-valued coin was inaccurately recalled as larger than its original size.
Two basic coins were erroneously remembered as smaller than their original dimensions.
Results support the value-size hypothesis.

Conclusions:

Long-term memory for coin size is influenced by perceived monetary value.
The value-size hypothesis is supported by evidence from withdrawn currency recall.