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Mental Accounting: Why a Dollar Is Not Always a Dollar
Correction Concepts

Mental Accounting: Why a Dollar Is Not Always a Dollar

Corrected by Emir Baycan · on When Notes Fly · 11 July 2026 · View published page ↗

Mental accounting explains why people treat money differently based on its source or label, even when a dollar has the same value everywhere.

Factually incorrect

Changes accepted

2 edited

Computed from the content the publisher accepted, line by line. Neither the contributor nor CitePep writes this diff by hand.

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−the original Boston Central Artery project by a factor of roughly 9
+the original Boston Central Artery project by a factor of roughly 5-6
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−particularly his work with Yuichi Shoda published in Psychological Review…
+particularly his work with Janet Metcalfe published in Psychological Revi…

Why this is better

Verified live: both corrections are already present in the body text (factor of 5-6; Metcalfe & Mischel 1999). The FAQ does not mention the Big Dig cost overrun or the hot/cool system citation at all, so no secondary fix was needed.

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