money illusion
Noun
Meaning
money illusion
(economics) The cognitive bias that leads people to think of money in nominal rather than real terms, mistaking its face value for its purchasing power at some point in time.
Synonym: price illusion
Noun
money illusion
(economics) The cognitive bias that leads people to think of money in nominal rather than real terms, mistaking its face value for its purchasing power at some point in time.
Synonym: price illusion