8 lines
457 B
Markdown
8 lines
457 B
Markdown
# Bandwagon Bias
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The bandwagon bias refers to the tendency people have to adopt a certain trend-following behaviour or investment based on the perception that others are involved.
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See [madness of crowds](madness-crowds.md), [bubble](bubble.md) and [market mania](market-mania.md).
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## References
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1. Leibenstein, Harvey. "Bandwagon, snob, and Veblen effects in the theory of consumers' demand." The quarterly journal of economics 64, no. 2 (1950): 183-207.
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