# Research by Professors Priya Raghubir and Vicki Morwitz and PhD student Shelle Santana

1 August 31, 2012 NBC ![NBC News online logo](/sites/default/files/styles/246w/public/assets/images/con_037262.gif?itok=6hhedDRK)>

Excerpt from [NBCNews.com](http://travelkit.nbcnews.com/_news/2012/08/31/13573916-for-international-travelers-the-money-illusion-can-cost-plenty?lite) -- "According to [Priya Raghubir](http://www.stern.nyu.edu/faculty/bio/priya-raghubir), a research professor at New York University’s Stern School of Business and lead author on a new report on the subject, many international travelers suffer from a “money illusion” that causes them to overspend even when they understand exchange rates and currency conversions."

[Read more](http://travelkit.nbcnews.com/_news/2012/08/31/13573916-for-international-travelers-the-money-illusion-can-cost-plenty?lite)