What is Herd Behavior In Behavioral Economics?

Herd behavior is a phenomenon in which individuals in a group act in a similar way, often following the actions or behaviors of others in the group. This type of behavior is often seen in animals, such as birds or fish, but it can also be seen in humans. Herd behavior can have both positive and negative effects, depending on the situation. For example, it can lead to increased efficiency and safety in a group, but it can also cause people to make irrational or dangerous decisions.

Related Articles

Default Nudges: Fake Behavior Change

Default Nudges: Fake Behavior Change

Read Article →
​Here's Why the Loop is Stupid

Here’s Why the Loop is Stupid

Read Article →
How behavioral science can be used to build the perfect brand

How behavioral science can be used to build the perfect brand

Read Article →
The death of behavioral economics

The Death Of Behavioral Economics

Read Article →