Given the number of volume judgments made by consumers, for example, decidi
ng which package is larger and by how much, it is surprising that little re
search pertaining to volume perceptions has been done in marketing. In this
article, the authors examine the interplay of expectations based on percep
tual inputs versus experiences based on sensory input in the context of vol
ume perceptions, Specifically, they examine biases in the perception of vol
ume due to container shape. The height of the container emerges as a vital
dimension that consumers appear to use as a simplifying visual heuristic to
make a volume judgment. However, perceived consumption, contrary to percei
ved volume, is related inversely to height. This lowered perceived consumpt
ion is hypothesized and shown to increase actual consumption. A series of s
even laboratory experiments programmatically test model predictions. Result
s show that perceived volume, perceived consumption, and actual consumption
are related sequentially. Furthermore, the authors show that container sha
pe affects preference, choice, and postconsumption satisfaction. The author
s discuss theoretical implications for contrast effects when expectancies a
re disconfirmed, specifically as they relate to biases in visual informatio
n processing, and provide managerial implications of the results for packag
e design, communication, and pricing.