Investors-currency traders,foreign portfolio investors,and average citizens-may move in the same direction at the same time,like a herd,resulting in the _____.

Name: Investors-currency traders,foreign portfolio investors,and average citizens-may move in the same direction at the same time,like a herd,resulting in the _____.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The bandwagon effect refers to the phenomenon where people do something primarily because others are doing it, regardless of their own beliefs, similar to herd behavior.

Investors-Currency Traders,foreign Portfolio Investors,and Average Citizens-May Move in the Same