Word Pronunciation & Dictionary

money illusion

Word Rarity Rare

Frequency: Zipf frequency 3.93 in modern English

Syllables: mon-ey il-lu-sion
IPA

18

Scrabble Score

13

Letters

4

Syllables

9

Unique Chars

Meaning

noun

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.

Example Sentences

"In respect to our present problem, while there is a great field for research, the only perturbing influence of transcendent importance is that of an unstable monetary standard, and, as was seen in Chapter II, even that would make nothing more than a nominal difference in the results if it were not for the “money illusion.”"

Synonyms

price illusion

Questions

What does money illusion mean?: 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.

How to pronounce money illusion

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