I was reading about how at how acoustic beats work.
If we combine two waves with frequencies $f_1$ and $f_2$ and unit amplitude, their combination is $$ \begin{align} A &= \cos\left(2\pi f_1x\right) + \cos\left(2\pi f_2x\right) \\[10px] &= 2\cos\left(2\pi \, \frac{f_1-f_2}{2}\,x\right)\cos\left(2\pi \, \frac{f_1+f_2}{2} \, x\right) \,. \end{align} $$
According to "Beat (acoustics)", Wikipedia:
Because the human ear is not sensitive to the phase of a sound, only its amplitude or intensity, only the magnitude of the envelope is heard.
So obviously the beat frequency is twice the envelope (since you're squaring it) and you get $$f_{\text{beat}} = f_1-f_2$$and not half that.
Now consider a regular cosine wave $A = \cos{\left(2\pi f_T\right)}$ with frequency $f_T$. Taking the magnitude (as Wikipedia says, i.e. by squaring $A$) gives you an audible frequency of $2f_T$... so do people hear frequencies as twice what they are in their amplitude wave?
EDIT: The answer is we DO perceive twice the frequency -- a sound wave that we define as having a frequency f will stimulate our ears with twice that frequency.
This frequency f is just a convenient name we give to the waves our machines make. This doesn't bother anyone as people can't hear in slow motion and i.e. count 200 'ticks' per second when playing a 100 Hz wave.