4 min read
Why Do People Follow the Crowd: How Social Conformity Drives Market Movements
4 min readThis blog explores how social conformity, including groupthink and the bandwagon effect, impacts market trends and investment choices. It delves into psychological factors like social influence and FOMO (fear of missing out), which drive herd behavior. The role of social media and financial news in shaping market perceptions and amplifying groupthink is analyzed. […]Continue reading "Why Do People Follow the Crowd: How Social Conformity Drives Market Movements"