?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.title=%E2%80%98The+Turkish+Currency+Reform%E2%80%99%3A+Na%C3%AFve+Inflation%2C+Endowment+Effect%2C+Anchoring+and+the+Money+Illusion&rft.creator=Gezgin%2C+Dr.+Ulas+Basar&rft.subject=Applied+Cognitive+Psychology&rft.subject=Cognitive+Psychology&rft.subject=Social+Psychology&rft.description=In+this+paper%2C+%E2%80%98the+Turkish+Currency+Reform%E2%80%99+is+elaborated.+Mainly+it+involves+the+deletion+of+six+zeroes+from+the+currency.+The+endowment+effect%2C+the+anchoring+effect+and+the+money+illusion+are+investigated+contrasting+the+new+and+old+Turkish+currencies.+Furthermore%2C+the+na%C3%AFve+inflation+understanding+is+probed.+The+findings+suggest+that+the+deletion+of+six+zeroes+does+not+have+automatic+results+that+are+expected+by+the+policy+makers%3A+The+citizens+are+not+homogeneous+in+their+understanding+of+inflation.+Though+the+endowment+effect+is+not+observed+in+general%2C+it+exists+in+the+transactions+of+the+buyer+thinking+in+terms+of+the+new+currency+and+the+seller+thinking+in+terms+of+the+old+currency.+Citizens+tend+to+make+higher+valuations+when+no+anchors+are+provided+in+the+new+currency+in+contrast+to+the+old+one.+Unexpected+findings+have+emerged+concerning+the+money+illusion.+The+data+are+interpreted+and+the+policy+implications+are+discussed.+&rft.date=2005-03&rft.type=Other&rft.type=NonPeerReviewed&rft.format=text%2Fhtml&rft.identifier=http%3A%2F%2Fcogprints.org%2F4937%2F1%2FUla%25C5%259F_Ba%25C5%259Far_Gezgin_-_%2526%25238216%253BThe_Turkish_Currency_Reform%2526%25238217%253B.htm&rft.identifier=++Gezgin%2C+Dr.+Ulas+Basar++(2005)+%E2%80%98The+Turkish+Currency+Reform%E2%80%99%3A+Na%C3%AFve+Inflation%2C+Endowment+Effect%2C+Anchoring+and+the+Money+Illusion.+++++(Unpublished)++&rft.relation=http%3A%2F%2Fcogprints.org%2F4937%2F