Definition/ Meaning/ Explanation
The act of individuals, which are based on the fads or the trends of the society rather than their own beliefs. Being the part of the majority group is the ultimate purpose of such a practice, which might not be achieved every time because of the conflicting viewpoints.

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Further Reading/ References
https://www.investopedia.com›Investing›FinancialAnalysis

Category: Learning, Thinking        Tags: Bandwagon Effect, Mental Models