Among these concepts, the herd instinct
and overcofidence are readily observable in many financial decisions.
(55) Trotter drew on evolutionary biology to argue that gregariousness (in animals and humans) was the expression of a 'herd instinct
', an a priori drive towards companionship, manifested in an inherent fear of loneliness and comfort in the presence of others.
Psychologists who have studied the effects on human behavior of belonging to a group have learned that, first, there is what Trotter has called the "herd instinct
"--which brings people to form groups; and second, that, once a group is formed, intellectual ability and those differential qualities of critical and more rationally controlled behavior and thinking tend to diminish.
He lambasted the "herd instinct
" and challenged people to be open to .new ways of thinking and doing in order to continually improve themselves.
For the sake of the Grand National's future, I am asking, first and foremost, that the number of runners be reduced and the people involved with making these decisions need to gain a clearer understanding of the nature of the horse, the herd instinct
, and why horses behave the way they do.
, while beneficial for a marketer, calls for cautious attempts when manipulating customers.
Ten years ago, customer advocacy circles talked about creating "buzz," finding your "hubs" or "worker bees," and relying on "herd instinct
" to distribute favorable word-of-mouth for your organization.
The natural herd instinct
would tell us that the best leaders are the ones who will sacrifice their own lives or situations for that of their followers.
: Chris Herd is gunning for the first team.
People will respect it if you don't take sides and this will make you a valued member of any group, family unit or team of workers -because you don't go with the herd instinct
and can see the bigger picture.
Moods change very quickly and the extreme relative valuations of equities and bonds suggest that the patient investor will be well rewarded for buying, or sticking with, proven quality and value rather than succumbing to the herd instinct
As a result, computers can make split second decisions by sticking to a disciplined set of rules, and make higher profits with less risk as a result.<p>Leeuwen explained that the fact markets are driven by a herd instinct
is also an intrinsic part of human nature that a computer can bypass.