denomination effect
denomination effect · denomination effects
A cognitive bias in which people may be less likely to spend larger currency…A cognitive bias in which people may be less likely to spend larger currency denominations than their equivalent value in smaller denominations.
Meaning
1 sensesA cognitive bias in which people may be less likely to spend larger currency denominations than their equivalent value in smaller denominations.
Forms
plural: denomination effects| Singular | denomination effect |
|---|---|
| Plural | denomination effects |
regular