The Bandwagon Effect explains the phenomenon where the demand for a good or the popularity of an idea increases as more people adopt it, driven by the desire to conform with the masses.
Exploration of Endogenous Preferences, how they form, their impact on behavior, and their significance in economic and social frameworks.
Explore the psychological phenomenon of the Bandwagon Effect, where individuals adopt behaviors, beliefs, or trends primarily because others have done so. Understand the underlying mechanics, historical context, and implications of this behavior in various fields.
