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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.