Banknote verification relies on vision, feel and a single second

Frank van der Horst, Jelle Miedema, Joshua Snell and Jan Theeuwes

Working Papers from DNB

Abstract: Central banks incorporate various security features in their banknotes to enable the general public, retailers, professional cash handlers and central banks to detect counterfeits. In this study we conducted two field experiments to test the extent to which euro banknotes can be authenticated as a function of exposure time and perceptual modality. In addition we investigated if these effects are moderated by expertise. In both experiments, the counterfeit banknotes were actual counterfeits taken out of circulation.

Keywords: attention; decision-making; change blindness; gist; sight; touch; authentication; banknotes; counterfeits (search for similar items in EconPapers)
JEL-codes: E40 E41 E50 E58 (search for similar items in EconPapers)
Date: 2020-04
New Economics Papers: this item is included in nep-exp and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:dnb:dnbwpp:680

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