货币汇率偏差。

IF 2.1 3区 心理学 Q2 PSYCHOLOGY, APPLIED
Kwanho Suk, Jieun Koo
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引用次数: 0

摘要

本研究考察了对货币汇率判断的偏差,并提出了两种偏差,这两种偏差是由于忽视汇率与基础货币数量之间的非线性而引起的。第一,多笔汇兑交易的平均汇率被高估。其次,一种货币价值的变化对对应货币的影响被低估了,当变化是减少时,而当变化是增加时,则被高估了。这项研究还表明,这些偏见会导致个人做出次优决策,从而造成经济损失。此外,本研究探讨了汇率信息如何在减少偏见中呈现的作用。具体来说,可以通过以基准货币而不是报价货币表示汇率来减少对平均汇率的高估。当待判断的焦点货币被表示为汇率的报价货币时,判断汇率变化影响的偏差就会减少。最后,这项研究表明,由于可替代性程度的差异,货币汇率的偏差不同于其他类型比率(例如,速度或燃油效率)的偏差。(PsycInfo Database Record (c) 2025 APA,版权所有)。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Currency exchange rate bias.

This research examines biases in judgments about currency exchange rates and presents two types of biases that are caused by ignorance of the nonlinearity between the exchange rate and the amount of base currency. First, the average exchange rate of multiple exchange transactions is overestimated. Second, the impact of a change in one currency's value on the counterpart currency is underestimated, when the change is a decrease but overestimated when the change is an increase. This research also demonstrates that these biases lead individuals to make suboptimal decisions, causing economic losses. Furthermore, this research examines the role of how exchange rate information is presented in reducing bias. Specifically, overestimation of the average exchange rate can be reduced by presenting the exchange rate in terms of the base currency instead of the quote currency. Bias in the judgment of the impact of exchange rate changes diminishes, when the focal currency to be judged is presented as the quote currency of the exchange rate. Last, this research shows that biases in currency exchange rates differ from biases in other types of ratios (e.g., velocity or fuel efficiency) because of the difference in the degree of fungibility. (PsycInfo Database Record (c) 2025 APA, all rights reserved).

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来源期刊
CiteScore
4.90
自引率
3.80%
发文量
110
期刊介绍: The mission of the Journal of Experimental Psychology: Applied® is to publish original empirical investigations in experimental psychology that bridge practically oriented problems and psychological theory. The journal also publishes research aimed at developing and testing of models of cognitive processing or behavior in applied situations, including laboratory and field settings. Occasionally, review articles are considered for publication if they contribute significantly to important topics within applied experimental psychology. Areas of interest include applications of perception, attention, memory, decision making, reasoning, information processing, problem solving, learning, and skill acquisition.
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