What‘s the "herd behavior" ?

source:KF Quality    author:KFQ    2021-03-03 12:44:31

The herd flock is usually very scattered, blindly rush from side to side. But once one of the sheep moves, other sheep will rush forward without thinking about it, ignoring the possibility of wolves and other people nearby, or better grass in the distance.
We called this as “herd behavior”. The herd effect is the behavior of individuals in a group acting collectively without centralized direction, which can easily lead to blind obedience, and tend to fall into a scam or fail.
Here is a fiction: An oil tycoon went to heaven to attend a meeting, he found that there were no empty seats and no place to sit when he entered the conference room. So, he had a clever idea and shouted: "Oil is found in hell!" This call does not matter, the oil tycoons in heaven ran to hell one after another, and soon, only the later one was left in heaven. At this time, this tycoon thought to himself, “Everyone ran over, could it be that oil was really found in hell?” So, he also hurried to hell.
However, anything that exists always has its rationality, and the herd effect is not necessarily useless. This is the optimal rule in nature, it is indeed relatively low risk to see what others do under the conditions of asymmetric information and uncertain expectations. The herd effect can also produce demonstration learning effects and gather synergy, which is very helpful for the protection and growth of disadvantaged groups.