THE BULLWHIP EFFECT

When you make a change to one behavior, it will activate a chain reaction and cause a shift in related behaviors as well. It occurs for 2 reasons:

• Many of the habits and routines that make up our daily lives are related to one another.
• It capitalizes on one of the core p...

• The first perspective applies the basic theoritical and applied tools of neoclassical microeconomics to areas of human behavior that isn't considered proper;
• The second perspective applies the ideas of other social sciences such as sociology, psychology, and identity group studies....

Many people have stories of achieving something great because someone had high expectations of them. The concept of the Pygmalion Effect is that expectations will influence performance and become a self-fulfilling prophecy.

The term "Pygmalion effect" comes from studie...