The Money Size Illusion as a Barometer of Confidence? the Case of High Inflation in Israel
نویسندگان
چکیده
Israel has known a very high inflation rate and two currency changes in the past five years. Coin size estimation by 97 subjects reveals a general tendency to underestimate sizes. The specific pattern of results suggests that coin size estimation is influenced by the subject’s attitude towards the coin in question, that inflation and actual value of the coin are not the only determinants of that attitude, and that the attitude remains unchanged if the coin is removed from circulation.
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