एवं वैकारिकीं मायामयुक्ता वस्तु चक्षते ॥ ११ ॥
evaṁ vaikārikīṁ māyām
ayuktā vastu cakṣate
mṛga-tṛṣṇām — a mirage; yathā — as; bālāḥ — men of childish intelligence; manyante — consider; udaka — of water; āśayam — a reservoir; evam — in the same way; vaikārikīm — subject to transformations; māyām — the material illusion; ayuktāḥ — those who lack discrimination; vastu — substance; cakṣate — see as.
Just as men of childish intelligence consider a mirage in the desert to be a pond of water, so those who are irrational look upon the illusory transformations of Māyā as substantial.