——We judge our past experiences almost entirely on how they were at their peak and how they ended. 姜观明 41014171 Bilingual Accounting ExposedSurprising! to loud & painfulThey noises felt more End unpleasant! Group A The same initial duration Exposed to the same noises Listen to the noises as much less unpleasant Group B An extended duration of reduced unpleasantness The same “peak”, but a better “end”. Economic Assumption —— People are rational. Peak-End Rule Assumption —— People are perceptual. Psychological interpretation → Average experience People perceive Sum of experience Peak time Ending time Net feeling Duration --Moments of Truth DISTINGUSHING FEATURES HUMANIZED ENVIRONMENT SERVICE QUALITY BETTER CUSTOMER EXPERIENCE PEAK: --Buy merchandise to the best value for money. --Try freely --Well-designed display END: --cheap Ice-cream at the exit --Too long walk distance in market --Not enough shop assistants --Have to take things down with own hands ----Tend to be ignored