Psychologists have long thought that we judge experiences based on their most intense moment (the peak) and the last part of the experience (end).
However, the Cornell University's Food and Brand Lab found that this rule can change dramatically depending on how much customers are paying for the experience.
The researchers studied how the price of pizza changed the relationship between a consumer's overall evaluation of the meal and the evaluation of each individual slice of pizza.
After the meal, the diners evaluated the taste, their satisfaction, and their enjoyment of each slice of pizza they ate. Other measures of behaviour and self-perceptions were also recorded.
It was found that the peak-end rule worked for the overall taste, satisfaction, and enjoyment evaluation of the pizza when the price for the buffet lunch was USD 4.
Diners who paid USD 4 for the buffet rated the pizza based on the taste of the last piece of pizza and the peak rating of taste.
"There had been several studies showing that price influences overall evaluation. This is a first look at how price can change what you pay attention to in judging quality," said David Just, from Cornell University.
"It is really remarkable how simply increasing the price can lead one to focus so much less on the end experience and so much more on that first impression," said Just.
Every part of an experience is not taken into account when the experience is evaluated. Instead, just a few moments appear to affect overall evaluation.
Lower priced restaurants may wish to save some of the best for last, researchers said.
The study was published in the Journal of Product and Brand Management.
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