LESSON 6 · Outsmart Your Own Biases
Bandwagons Everywhere
The effect shapes behavior across every domain:
- Stock market bubbles — prices rise because others are buying, and others buy because prices are rising, until the crash
- Fashion trends — styles become popular simply because they are already popular
- Political polling — publishing polls about who is "winning" shifts votes toward the frontrunner
- Social media — posts with more likes get more likes, because people assume popular content must be good.