When there are equal proportions of hipsters and conformists, the entire population tends to switch randomly between different trends.
For example, if the majority of individuals shave their beards, then most hipsters will want to grow a beard. If this trend becomes the norm, hipsters will switch to shaving.
RELATED ARTICLES & IDEAS
FOLLOW The Bandwagon Effect: Why People Tend to Follow the Crowd
The bandwagon effect is a cognitive bias that causes people to do things simply because they believe that others are doing the same. This form of thinking can affect various types of decisions that people make, including how they dress, which political candidate they vote for, and what ideologies they adopt.
The bandwagon effect It's a cognitive bias that causes people to think or act in a certain manner because they believe that other people are doing the same. For example, the bandwagon effect might cause... Examples of the bandwagon effect The bandwagon effect can influence people’s political choices. It can influence consumers’ decisions regarding which products to buy. It can influence users’ decisions regarding how to rate stories or comments. It can influence investors’ financial choices. It can influence doctors’ medical decisions. It can influence organizations’ implementation of new technologies. Why the bandwagon effect happens
It serves as a mental shortcut that people instinctively use in order to make a decision quickly.
bandwagon cues, which are signs that other people believe something or are doing something, can trigger the thought that “ if other people like this, then I should too”. FOLLOW Selfishness Is Learned - Issue 37: Currents - Nautilus
Many people cheat on taxes-no mystery there. But many people don't, even if they wouldn't be caught-now, that's weird. Or is it? Psychologists are deeply perplexed by human moral behavior, because it often doesn't seem to make any logical sense. You might think that we should just be grateful for it.
Psychologists do not understand human moral behavior, because it seldom makes any logical sense.
Using moral philosophy and psychology, biology, economics, mathematics, and computer science, ...
Our default mode
Through a series of experiments, it was discovered that
despite the temptation to be selfish, most people show selflessness.
This is particularly true when subjects were forced to make their decision under time pressure;
people are prone to cooperation when they rely more on intuition. Creating quantitative models
Most of the psychological theories are verbal, but words can be imprecise. If "cooperation is intuitive", it needs to state when. And what does "intuitive" mean?
In order to solve this, computer simulations of society were developed.
FOLLOW The Four Villains of Decision Making
You're probably not as effective at making decisions as you could be. This article explores Chip and Dan Heaths' new book, Decisive. It's going to help us make better decisions both as individuals and in groups. But before we get to that, you should think about a tough decision you're grappling with right now.
Not Making Good Decisions
We are exposed to biases that influence our ability to make good decisions.
We are quick to jump to conclusions because we fail to search for information that might disprove our thoughts. The Four Villains of Decision Making Narrow framing : The tendency to define our choices in binary terms. We ask, "should I, or shouldn't I?" instead of “What are the ways I could...?” Confirmation bias : People tend to select the information that supports their preexisting attitudes, beliefs, and actions. Short-term emotion : When we’ve got a difficult decision to make, our feelings occupy our minds. And this doesn't add any new information that could benefit us. Overconfidence : People often think they know more than they actually do about how the future will unfold. Defeating Decision-Making Villains Counter narrow framing by widening your options. Expand your set of choices. Confirmation bias leads you to gather self-serving information. Analyze and test your assumptions to overcome the bias. Short-term emotion will tempt you to make the wrong choice. So distance yourself before deciding. Prepare to be wrong. Don't be overconfident about how the future will unfold. Deepstash is better on the app. Discover new ideas and get inspired daily. GET THE APP SIGN IN