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When Is More Better?
On the Relationship Between Magnitude and Subjective Value
Christopher K. Hsee 1 , Yuval Rottenstreich 2 and Zhixing Xiao 3
  1 University of Chicago Graduate School of Business,   2 Fuqua School of Business, Duke University, and   3 China Europe International Business School
 Address correspondence to Christopher Hsee, University of Chicago Graduate School of Business, 5807 S. Woodlawn Ave., Chicago IL 60637; e-mail: chris.hsee@chicagogsb.edu.
Copyright Copyright © 2005 American Psychological Society
KEYWORDS
magnitude • affect • scope neglect • evaluability

ABSTRACT

Abstract—We examine three determinants of the relationship between the magnitude of a stimulus and a person's subjective "value" of that stimulus: the process by which value is assessed (either by feeling or by calculation), the evaluability of the relevant magnitude variable (whether the desirability of a given level of that variable can be evaluated independently), and the mode of evaluation (whether stimuli are encountered and evaluated jointly or separately). Reliance on feeling, lack of evaluability, and separate evaluation lead to insensitivity to magnitude. An analysis invoking these factors provides a novel account for why people typically become less sensitive to changes in the magnitude of a stimulus as magnitude increases.


DIGITAL OBJECT IDENTIFIER (DOI)
10.1111/j.0963-7214.2005.00371.x About DOI

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