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The Euro Changeover and Numerical Intuition for Prices in the Old and New Currencies

机译:新旧货币的欧元转换和价格直觉

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摘要

This study examines how numerical intuition for prices in euros and in the Portuguese currency escudos developed in Portugal after the euro changeover. Estimates of prices of 40 different products were collected in the two currencies and at four different times from November 2001 to April 2004. The results regarding price estimates in euros were more in accordance with a relearning hypothesis considering that price estimates become progressively more accurate by a process that is related to purchase frequency. It was also suggested that this is a very slow process and that prices in the former currency are not simply forgotten. On the contrary, the escudos remained a general benchmark for an extended period. The results regarding estimated price intuition and use of intuition in estimating prices are also consistent with a slow adaptation process. Implications for future euro changeovers are discussed.
机译:这项研究研究了在欧元转换后,葡萄牙对欧元和葡萄牙货币escudos的价格直觉如何发展。从2001年11月到2004年4月的四个不同时间,以两种货币收集了40种不同产品的价格估计值。关于欧元价格估计值的结果更符合一个反复的假设,因为假设价格估计值随着时间的推移逐渐变得更加准确。与购买频率有关的过程。也有人提出,这是一个非常缓慢的过程,并不能简单地忘记使用前一种货币的价格。相反,埃斯库多在很长一段时间内仍然是一般的基准。有关估计价格直觉和在估计价格中使用直觉的结果也与适应过程缓慢相一致。讨论了未来欧元转换的意义。

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