Behavioral Economics

Bandwagon Effect

Published Jul 31, 2023

Definition of Bandwagon Effect

The bandwagon effect describes a psychological phenomenon where people assume the beliefs or behaviors of others in a group rather than making an independent decision. This effect arises when people believe that others in their social circle may have more knowledge or information than they do, and therefore they adopt their opinions and behaviors.

Example

A classic example of the bandwagon effect refers to the trend of FOMO (fear of missing out) associated with social media. When a few people post pictures and updates about their exciting lives on Instagram or Facebook, their followers may feel left out or unimportant and so join in with upbeat posts of their own. This can lead to a cycle of posting and sharing, with each person feeling they need to contribute to the trend in order to maintain their social presence.

Similarly, during election season, the bandwagon effect can be seen in the form of a “bandwagon candidate,” where people tend to vote for the candidate who is perceived to be the most popular or who they believe has the best chance of winning, rather than making an independent decision based on their own views or values.

Why Bandwagon Effect Matters

The bandwagon effect can have both positive and negative consequences. On the one hand, it can encourage individuals to participate and engage with others, fostering a sense of community and belonging. On the other hand, it can also promote conformity at the expense of independent thought and decision-making while suppressing dissenting voices or marginalized groups that may not be as vocal or visible.

Awareness of the bandwagon effect can help individuals to critically evaluate their own opinions and behavior, as well as recognize the influence of others on their beliefs and actions.