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(O.K., "the muddle of my blood" and "shot or taught away" are excellent, but that's a small payoff).
A simple message about the power of everyday love might seem a dismayingly small payoff for this whirling, intricate story, but the book is also about how the grandest fictions raise expectations unreasonably high, paralyze us with anticipation, doom us to the perpetual check of chronic dissatisfaction, unshakable as an Alaska chill.
Hence, agents with high payoff become more competitive and, as result, they face a higher number of opponents than agents with a small payoff.
For the novice investor, picking a new bond fund entails a daunting search through hidden costs, skimpy disclosure and otherworldly jargon, all for the right to plunk down money for a small payoff that can fall far short of stocks.
In the following analysis we pool the data of row and column players, because 16 out of 18 games are isomorphic games which are practically identical for row and column players expect for small payoff shifts and the transformation of player roles (see Costa-Gomes et al., 2001, for details).
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However, extant findings are based on relatively small payoffs, the potential effects of which are solely analyzed across participants.
As the material payoffs of a single game become arbitrarily small, individuals care more about what is going on in their partner's game and the fairness emotions of the players in the single game with small payoffs is dominated by the fairness emotions of their partner's game: players would be kind if their partners are kind and would be unkind if their partners are unkind.
There's an inverse relationship: small ideas with few players, and thus small payoffs, can be implemented quickly and completely.
Second, based on research showing that people are motivated by the experience of past rewards and the prospect of future rewards [ 32] and that people are particularly emotionally attracted to small probabilities of large rewards [ 33], the lottery was tailored to provide frequent small payoffs (a 1 or 2 in 5 chance at a $10 reward) and infrequent large payoffs (a 1 in 100 chance at a $100 reward).
Women get a smaller payoff than men for earning a high school degree, but a bigger payoff for completing college.
Finally, suppose we do socialize these risks, in exchange for a somewhat smaller payoff: Would entrepreneurs still be interested in pursuing their ventures?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com