Summary: The bandwagon effect, also known as the “cromo effect” and closely related to opportunism, is a phenomenon—observed primarily within the fields of microeconomics, political science, and behaviorism—that people often do and believe things merely because many other people do and believe the same things. The effect is often called herd instinct, though strictly speaking, this effect is a result of herd instinct. The bandwagon effect is the reason for the bandwagon fallacy’s success.

The bandwagon effect is well-documented in behavioral psychology and has many applications. The general rule is that conduct or beliefs spread among people, as fads and trends clearly do, with “the probability of any individual adopting it increasing with the proportion who have already done so”. As more people come to believe in something, others also “hop on the bandwagon” regardless of the underlying evidence. The tendency to follow the actions or beliefs of others can occur because individuals directly prefer to conform, or because individuals derive information from others. Both explanations have been used for evidence of conformity in psychological experiments. For example, social pressure has been used to explain Asch’s conformity experiments, and information has been used to explain Sherif’s autokinetic experiment.

When individuals make rational choices based on the information they receive from others, economists have proposed that information cascades can quickly form in which people decide to ignore their personal information signals and follow the behavior of others. Cascades explain why behavior is fragile—people understand that they are based on very limited information. As a result, fads form easily but are also easily dislodged. Such informational effects have been used to explain political bandwagons.

Read The Full Article Here

-

New Evidence About the Existence of a Bandwagon Effect in the Opinion Formation Process

This study undertakes an empirical test of the “bandwagon effect”—individuals rallying to the majority opinion. The study is done outside the electoral context on two issues: abortion and the constitutional future of Quebec. A panel is used, as well as an experimental design in which respondents are told the state and direction of public opinion. Three methodological criteria are used as minimal requirements for a satisfactory test of the bandwagon thesis. “Underdogging,” as well as opinion movement due to factors outside the experiment, are both accounted for. Though the reasons for a bandwagon remain unclear, the authors demonstrate that a bandwagon effect of 5-7 percent existed on both issues.

Read The Full Article Here

If you enjoyed that why not find a job or read our guide to working in the 21st century. You can also join our Kiva team or hire me for your project.


Other Sites: Really Great Stories | All The Little Things (Book) | Twitter