The bandwagon effect, a common decision-making bias, is ________.
A) the characteristic of an individual who prefers to avoid losses rather than acquire gains
B) the tendency to believe certain outcomes because others believe the same
C) the tendency to believe that our forecasts are better than they truly are
D) the tendency to search for information that supports one's preconceived beliefs
E) an individual's tendency to believe that he/she is less susceptible to risky events

Question

Quizplus · Accepted Answer

The bandwagon effect is the tendency to believe something because others believe it. This is a common decision-making bias where people feel more comfortable following the crowd rather than making their own independent decision.

The Bandwagon Effect, a Common Decision-Making Bias, Is ________