Money Illusion
回顾了关于人们对通胀和价格变化反应的调查问题，揭示人们常同时用名义和实际价值思考，货币幻觉源于这种双重表征的交互，导致偏向名义评估。
The term “money illusion” refers to a tendency to think in terms of nominal rather than real monetary values. Money illusion has significant implications for economic theory, yet it implies a lack of rationality that is alien to economists. This paper reviews survey questions regarding people's reactions to variations in inflation and prices, designed to shed light on the psychology that underlies money illusion. We propose that people often think about economic transactions in both nominal and real terms, and that money illusion arises from an interaction between these representations, which results in a bias toward a nominal evaluation.