Bandwagon Fallacy: Definition and Examples
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Bandwagon Fallacy: Definition and Examples
The fundamental problem with an information cascade is that after a certain point it becomes rational for people to stop paying attention to their own knowledge—their private information—and to start looking instead at the actions of others and imitate them. (If everyone has the same likelihood of making the right choice, and everyone before you ha
... See morePrinciple #4: The Bandwagon Effect—Give Them Something to Jump On