Bandwagon Effect Bias

Knowledge Center

   

Description of Bandwagon Effect Bias. Explanation.

Contents

  1. Summary
  2. Forum
  3. Best Practices
  4. Expert Tips
  5. Resources
  6. Print
 

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
Hi, do you know of a remarkable, humorous quote by...
     
 

Bandwagon Effect Bias Special Interest Group


Special Interest Group

 

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 situat...
Usage (application): Problems in Group Decision Making
 
 
 

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

The network effect (  
 
 

How to Avoid Being Misguided by Experience-based Biases

We often make decisions based on past experiences ...
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...
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 mu...
Usage (application): Coaching, Mentoring, Management, Leadership
 

Critical Thinking in Decision Making

Presentation about critical thinking for decision ...
Usage (application): Critical Thinking, Testing Assumptions, Avoiding Fallacies, Avoiding Biases, Dealing with Emotions
 

Group Influences and Opinion Leadership

Presentation about Group Influences, including var...
Usage (application): Groupthink, Group Dynamics, Word of Mouth Marketing, Sales, Opinion Leadership, Convincing People, Persuation
 
 

News about Bandwagon Effect Bias


     
 

Videos about Bandwagon Effect Bias


     
 

Presentations about Bandwagon Effect Bias


     
 

More about Bandwagon Effect Bias


     

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

Special Interest Group Leader

You here


 

Return to Management Hub: Change & Organization  |  Communication & Skills  |  Decision-making & Valuation  |  Finance & Investing  |  Human Resources  |  Knowledge & Intangibles  |  Leadership  |  Marketing


More on Management  |  Return to Management Dictionary  | 

 

This ends our Bandwagon Effect Bias summary and forum.

About 12manage | Advertising | Link to us | Privacy | Terms of Service
Copyright 2017 12manage - The Executive Fast Track. V14.1 - Last updated: 23-10-2017. All names tm by their owners.