Wealth Perception

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August 24, 2024 3 min read Definitions
Money Illusion: Theory, Historical Context, and Practical Examples
Economics Behavioral Economics Economic Theory Inflation Behavioral Finance Wealth Perception Historical Context
Explore the economic theory of money illusion, which posits that people tend to assess their wealth and income in nominal terms without accounting for inflation. Delve into its historical background, relevant examples, and implications.
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