“…The magnitude effect is only observed in humans, but not in other animals, suggestive of requiring higher‐order cognitive alteration of the discount rates (Green & Myerson, ; Green, Myerson, Holt, Slevin, & Estle, ; Holt & Wolf, ; Jimura, Myerson, Hilgard, Braver, & Green, ), and is more prominent in the domain of gains rather than losses (Estle, Green, Myerson, & Holt, ; Jimura et al, ; Mitchell & Wilson, ). The magnitude effect should not be attributed to sloppiness or to lack of deliberation when deciding for small rewards, as the magnitude effect is more pronounced when participants discount small and large amounts in short succession compared with when they evaluate these payoffs separately (Frederick & Read, ).…”