The Precision Effect: How Numerical Precision Influences Everyday Judgments

27 Pages Posted: 9 Mar 2013 Last revised: 18 Jun 2013

See all articles by Manoj Thomas

Manoj Thomas

Cornell University - Samuel Curtis Johnson Graduate School of Management

Joowon Park

Cornell University - Samuel Curtis Johnson Graduate School of Management

Date Written: June 2013

Abstract

Numerical precision – unusually precise or sharp numbers – can trigger heuristic processing and influence judgments. Numerical precision triggers heuristic processing because it causes computational difficulty or encoding difficulty. The authors propose that the discrepancy attribution model can offer a parsimonious explanation for the effects of numerical precision on everyday judgments.

Keywords: Numerical Cognition, Heuristics, Biases, Judgments

Suggested Citation

Thomas, Manoj and Park, Joowon, The Precision Effect: How Numerical Precision Influences Everyday Judgments (June 2013). Johnson School Research Paper Series #23-2013, Available at SSRN: https://ssrn.com/abstract=2229833 or http://dx.doi.org/10.2139/ssrn.2229833

Manoj Thomas (Contact Author)

Cornell University - Samuel Curtis Johnson Graduate School of Management ( email )

353 Sage Hall
Ithaca, NY 14853
United States
607-255-7207 (Phone)
607-254-4590 (Fax)

HOME PAGE: http://forum.johnson.cornell.edu/faculty/mthomas/

Joowon Park

Cornell University - Samuel Curtis Johnson Graduate School of Management ( email )

Ithaca, NY 14853
United States

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
290
Abstract Views
1,957
rank
120,785
PlumX Metrics