Construct · 1 fields · 1 citations

peanuts effect: a standalone construct

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Behavioral decision research

people being more willing to take risks when the amounts at stake are small than when they are large.

In behavioral decision research, peanuts effect refers to people being more willing to take risks when the amounts at stake are small than when they are large. This meaning comes from Weber (2005) in Organizational Behavior and Human Decision Processes.[1]

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Nearby constructs

being3 fields · 3 citationsjingle · one word, three constructs take1 fields · 1 citationsanchor · a standalone construct

References

Weber, B. J., & Chapman, G. B. (2005). Playing for peanuts: Why is risk seeking more common for low-stakes gambles? Organizational Behavior and Human Decision Processes, 97(1), 31-46. https://doi.org/10.1016/j.obhdp.2005.03.001

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