The Precision Effect: How Numerical Precision Influences Everyday Judgments
27 Pages Posted: 9 Mar 2013 Last revised: 18 Jun 2013
Date Written: June 2013
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
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