Herding is best described by which of the following??
A)The value of the compensation depends on the measured performance of the employee?
B)Supervisors giving all their subordinates average (or above average)grading to avoid making sharp distinctions between those subordinates when evaluating them
C)A wage payment is made to an agent that exceeds his opportunity cost of working and discourages the agent from shirking
D)Individuals ignore their own information about the best course of action and instead simply do what everyone else is doing
E)None of the above

Question

Quizplus · Accepted Answer

Herding is the phenomenon where individuals ignore their own information about the best course of action and instead simply do what everyone else is doing. This can lead to groupthink and an overall lack of diverse perspectives or innovation.

Herding Is Best Described by Which of the Following