Summary
In controlled experiments, shoaling European minnows fed in equal numbers on two equally-rewarded food patches, and likewise on unequal patches the numbers feeding reflected food levels. For equal food, minnows did not feed at the patch where they had encountered a simulated diving avian predator, whereas they chose to feed at this risky patch when it was more valuable. By avoiding hazard for equal food, but accepting predator risk for higher food rewards, the minnows performed a risk-balancing trade-off.
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Pitcher, T.J., Lang, S.H. & Turner, J.A. A risk-balancing trade off between foraging rewards and predation hazard in a shoaling fish. Behav Ecol Sociobiol 22, 225–228 (1988). https://doi.org/10.1007/BF00300573
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DOI: https://doi.org/10.1007/BF00300573