Will I Spend More in 12 Months or a Year? The Effect of Ease of Estimation and Confidence on Budget Estimates

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How and Why 1 Year Differs from 365 Days: A Conversational Logic Analysis of Inferences from the Granularity of Quantitative Expressions (2012, background): “Consumers’ perceptions of time are an important element in many aspects of consumer behavior, from planning (Leclerc, Schmitt, and Dubé 1995; Ülkümen, Thomas, and Morwitz 2008) and waiting (Kumar, Kalwani, and Dada 1997) to service and product evaluation (Mogilner, Aaker, and Pennington 2008).”
Years, Months, and Days versus 1, 12, and 365: The Influence of Units versus Numbers (2012, background): “Specifically, a donation seems smaller when it is framed using a per-day rather than a per-year format (Gourville 1998), risks from health hazards seem higher when statistics are presented in a per-day rather than a per-year format (Chandran and Menon 2004), and individuals underestimate when they b”
Smart Shopping Carts: How Real-Time Feedback Influences Spending (2013, background): “The budgeting literature implicitly assumes that shoppers with budgets are knowledgeable about the total price of their shopping baskets as they shop (Bénabou and Tirole 2004; Ulkümen, Thomas, and Morwitz 2008).”