snob effect — n. The desire to purchase something only because it is extremely expensive or extremely rare; the tendency for demand to increase along with the price of an item whenever that item is perceived to improve the social status of the consumer.… … New words
Snob effect — The snob effect refers to the desire to own exclusive or unique goods. These goods usually have a high economic value, but low practical value. The less of an item available, the higher its snob value. Examples of such items with general snob… … Wikipedia
snob hit — n. A play or movie that many people see only because they feel it has a certain intellectual cachet, or because they feel that doing so would impress other people. Example Citation: Since Midnight s Children clocks in at three and a quarter hours … New words
spotlight effect — n. The tendency to believe that other people are paying closer attention to one s appearance and behavior than they really are. Example Citation: Oh, things sure took a bad turn. Mortifying, that s what it was. Such a big party friends, co… … New words
Goldilocks effect — (GOHL.dee.loks uh.fekt) n. When something succeeds or prospers because it is neither too big nor too small. Example Citation: Size does matter. Up to a certain point, the more widgets you produce, the cheaper each widget becomes. But you no… … New words
house money effect — n. The premise that people are more willing to take risks with money they obtained easily or unexpectedly. Example Citations: The Flemings lot are now talking about regret aversion, investors inclination to sell their winners and stick by their… … New words
poverty effect — n. A reduction in consumer spending based on a perception of relative poverty caused by the decreasing value of stock market portfolios. Example Citation: Some economists are already talking about a poverty effect caused by sinking stock prices.… … New words
watercooler effect — n. The effect created by two or more employees having an informal, face to face conversation, as though at a watercooler. Example Citation: There also was the watercooler effect, or the theory that people come up with their best ideas when… … New words
wealth effect — (WELTH uh.fekt; TH as in thin) n. An increase in consumer spending based on the perceived wealth created by the escalating value of stock market portfolios. Example Citation: Big portfolio gains by investors in recent years have created what… … New words
last name effect — n. The closer a person s childhood surname is to the end of the alphabet, the faster that person tends to make purchase decisions. Example Citations: The last name effect is a continuum, researchers found. So a Rodriguez will buy quicker than a… … New words
lipstick effect — n. During a recession, the tendency for consumers to purchase small, comforting items such as lipstick rather than large luxury items. Example Citation: If you ve been following domestic news in recent weeks, you ve probably heard about the… … New words
