Bandwagon Effect Bias

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Description of Bandwagon Effect Bias. Explanation.

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Definition Bandwagon Effect Bias. Description.


Bandwagon Effect Bias is the tendency to do (or believe) things because many other people do (or believe) the same. It is an example of Cognitive Bias.


Without examining the merits of the particular thing, people tend to "follow the crowd." Sometimes this cognitive bias is referred to as the Herd Instinct.

Surely this bias is a strong force behind many financial crises.


This human tendency is particularly relevant for investors, leaders of organizations, communication specialists and management consultants.


Bandwagon Effect Bias Forum
  Quotes on Following the Crowd. Quotations
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Bandwagon Effect Bias Special Interest Group


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Best Practices - Bandwagon Effect Bias Premium

Expert Tips - Bandwagon Effect Bias Premium
 

Pluralistic Ignorance and the Abilene Paradox

Pluralistic Ignorance can be described as a situation in which a certain person has an opinion, but believes that most of his or her colleagues hold t...
Usage (application): Problems in Group Decision Making
 
 
 

The Importance of Customer Differences in Markets with Network Effects: the Limits of Scale

The network effect (Metcalfe's Law) is the phenomenon that the value of a product or serv...
Usage (application): Network Effect, Network Strategy, First Mover Advantage, Second-mover Strategy, Customer Intimacy, Market Segmentation
 
 
 

How to Avoid Being Misguided by Experience-based Biases

We often make decisions based on past experiences and judge the future. However, our past experience can sometimes misguide us since we refine and rei...
Usage (application): Analogical Strategic Reasoning, Decision-making, Cognitive Bias, Bandwagon Effect, Confirmation Bias, Anchoring
 
 
 

Avoiding bandwagon Bias in your Team

In a short article, Bonner and Bolinger describe a surprisingly simple process to beef up the problem solving and/or decision-making capacity of your ...
Usage (application): Team Formation, Expert Power, Group Decision-making, Extroversion, Introversion
 
 

Resources - Bandwagon Effect Bias Premium

The Fatal Coaching Mistake by Managers

Managers and executives often don't realize how much influence they have over their staff, by just being their superior. And by the perception employ...
Usage (application): Coaching, Mentoring, Management, Leadership
 

Critical Thinking in Decision Making

Presentation about critical thinking for decision making, including the following sections:
1. Failure of Imagination
2. Untested Assumption...
Usage (application): Critical Thinking, Testing Assumptions, Avoiding Fallacies, Avoiding Biases, Dealing with Emotions
 

Group Influences and Opinion Leadership

Presentation about Group Influences, including various related concepts such as the Social Comparison Theory and Word-of Mouth Communication. The pres...
Usage (application): Groupthink, Group Dynamics, Word of Mouth Marketing, Sales, Opinion Leadership, Convincing People, Persuation
 
 

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Compare also: Core Groups  |  Groupthink  |  Spiral of Silence  |  Abilene Paradox  |  Black Swan Theory

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