The theory that people who have completed an academic degree earn more income, not because of the knowledge they gained during their education, but rather because their degree indicates things about their personality that employers find favourable.

plural of snob effect

(economics) The situation where the demand for a certain good by individuals of a higher income level is inversely related to its demand by those of a lower income level.

(marketing) Any of various hierarchical models according to which customers progress through a series of stages, from first becoming aware of a brand through to making a purchase.

(astrology) A purported statistical correlation between a person's athletic success and the position of the planet Mars relative to the horizon at the time and place of their birth.

(medicine) The emergence or reemergence of symptoms, often with greater severity, when a medicine prescribed to suppress the original symptoms is reduced or discontinued.

(nautical) The effect of suction from the nearside shore or close watercourse bed, caused by the Bernoulli effect making a low pressure zone in the constricted region, leading vessels to be drawn to that surface.

plural of cause and effect

A philosophy and social movement that advocates the use of evidence and reasoning to determine the most effective ways to benefit others.

plural of bullwhip effect