Bandwagon Effect Bias

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Summary

What is a Bandwagon Effect Bias? Meaning.

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.


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The network effect (Metcalfe's Law) is the phenomenon that the value of a product or service increases (exponentially) w (...)

How to Avoid Being Misguided by Experience-based Biases

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We often make decisions based on past experiences and judge the future. However, our past experience can sometimes misgu (...)

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In a short article, Bonner and Bolinger describe a surprisingly simple process to beef up the problem solving and/or dec (...)
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The Fatal Coaching Mistake by Managers

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

Critical Thinking in Decision Making

Critical Thinking, Testing Assumptions, Avoiding Fallacies, Avoiding Biases, Dealing with Emotions
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Compare also: Core Groups  |  Groupthink  |  Spiral of Silence  |  Abilene Paradox  |  Black Swan Theory

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