Amazon's own 2006 research found that every 100ms of added page-load time cost roughly 1% in sales — but interestingly, *perceived* speed doesn't track actual speed one-to-one. A stretch of time with zero visible activity feels unusually long; the same duration with something visibly moving feels shorter.
That's why a skeleton screen (see: skeleton-screen) or progressive content reveal reduces drop-off without shrinking real load time at all. Where the Doherty Threshold is about immediate reaction, this is about how the *wait after that* is experienced.
Over the same 2.4 seconds, left shows only a spinner on a blank screen before content pops in all at once; right shows a skeleton instantly and fills content in progressively.
When to use
For any load over 400ms, prefer a skeleton or progressive reveal over a lone spinner. You can cut drop-off even without cutting real load time.