From the jsfiddle provided by Spokey works.
My conclusion is, you're not including jQuery UI.
Try adding it.
<script src="http://code.jquery.com/ui/1.10.3/jquery-ui.js"></script>
From your comments,
Might missed to check it
Question
I have the jQuery shake effect working but for some reason when I switch the bounce effect, on mouseover of the element I want to affect, it moves but does not bounce.
<div class="thumb-shadow">
<a href="services/solar">
<img width="160" height="160" alt="" class="attachment-post-thumbnail wp-post-image" src="http://localhost:81/dcdccd/cms/wp-content/uploads/solar.jpg" style="">
</a>
</div>
jQuery('.thumb-shadow img').mouseenter(function() {
jQuery(this).effect("bounce", {times: 3}, 500);
});
Something I am overlooking?