Herd mentality

Herd mentality

Herd mentality describes how people are influenced by their peers to adopt certain behaviors, follow trends, and/or purchase items. Examples of the herd mentality include the early adopters of high technology products such as cell phones and iPods, as well as stock market trends, fashions in apparel, cars, home décor, etc. Social psychologists study the related topics of group intelligence, crowd wisdom, and decentralized decision making. People in these herds are broken up into two groups, explains Friedrich Nietzsche, a philosopher who coined the phrase. One lended itself to the religious points of views- their beliefs and how those dictated their actions- while the other lended itself to influence by the media- more liberal and based upon what others perceive as 'right' (following trends, social norms, etc.).


The term herd mentality is derived from the word “herd,” meaning group of animals, and “mentality,” implying a certain frame of mind. However the most succinct definition would be: how large numbers of people act in the same ways at the same times.
Herd behavior is distinguished from herd mentality because it applies to all animals, whereas the term “mentality” implies a uniquely human phenomenon. Herd mentality implies a fear-based reaction to peer pressure which makes individuals act in order to avoid feeling “left behind” from the group.


Herd mentality and herd behavior have been prevalent descriptors for human behavior since people began to form tribes, migrate in groups, and perform cooperative marketing and agricultural functions.The idea of a "group mind" or "mob behavior" was first put forward by 19th century French social psychologists Gabriel Tarde and Gustav Le Bon. Herd behavior in human societies has also been studied by Sigmund Freud and Wilfred Trotter, whose book "Herd Instincts in Peace and War" is a classic in the field of social psychology. Sociologist and Economist Thorstein Veblen’s "Theory of the Leisure Class" illustrates how individuals imitate other group members of higher social status in their consumer behavior. More recently, Malcolm Gladwell in The Tipping Point, examines how cultural, social, and economic factors converge to create trends in consumer behavior. In 2004, the New Yorker’s financial columnist James Suroweicki published, "The Wisdom of Crowds".

Twenty-first century academic fields such as marketing and behavioral finance attempt to identify and predict the rational and irrational behavior of investors. (See the work of Daniel Kahneman, Robert Shiller, Vernon Smith, and Amos Tversky.) Driven by emotional reactions such as greed and fear, investors can be seen to join in frenetic purchasing and sales of stocks, creating bubbles and crashes.

See also

*Change agent
*Early adopter
*Opinion leadership
*Social network
*Collective intelligence
*"The Wisdom of Crowds"
*Predictive market
*Group intelligence
*Information cascade
*Decentralized decision making
*Herd instinct
*Crowd psychology
*Delphi method
*Bandwagon effect
*Critical mass (sociodynamics)

References and further reading

*Bloom, Howard, "The Global Brain: The Evolution of Mass Mind from the Big Bang to the 21st Century". (2000) John Wiley & Sons, New York.
*Freud, Sigmund's "Massenpsychologie und Ich-Analyse" (1921; English translation "Group Psychology and the Analysis of the Ego", *1922). Reprinted 1959 Liveright, New York.
*Gladwell, Malcolm, "The Tipping Point: How Little Things Can Make a Big Difference". (2002) Little, Brown & Co., Boston.
*Le Bon, Gustav, "Les Lois psychologiques de l'évolution des peuples". (1894) National Library of France, Paris.
*Le Bon, Gustave, "The Crowd: A Study of the Popular Mind". (1895) Project Gutenberg.
*Trotter, Wilfred, "Instincts of the Herd in Peace and War". (1915) Macmillan, New York.
*Suroweicki, James: "The Wisdom of Crowds: Why the Many Are Smarter Than the Few and How Collective Wisdom Shapes Business, Economies, *Societies and Nations". (2004) Little, Brown, Boston.
*Sunstein, Cass, "Infotopia: How Many Minds Produce Knowledge". (2006) Oxford University Press, Oxford, United Kingdom.

External links


Wikimedia Foundation. 2010.

Look at other dictionaries:

  • herd mentality —  Everyone follows the leaders.  ► “In times of crisis, stock markets are propelled largely by psychology. As bandwagons form, investors’ herd instincts frequently push prices higher than they ought to go.” (Business Week, Feb. 13, 1995, p. 84) …   American business jargon

  • Herd behavior — Herd behaviour describes how individuals in a group can act together without planned direction. The term pertains to the behaviour of animals in herds, flocks, and schools, and to human conduct during activities such as stock market bubbles and… …   Wikipedia

  • herd — {{Roman}}I.{{/Roman}} noun 1 group of animals ADJECTIVE ▪ great, huge, large, vast ▪ small ▪ entire, whole ▪ …   Collocations dictionary

  • mentality — noun Mentality is used after these nouns: ↑frontier, ↑gang, ↑herd, ↑mob, ↑siege, ↑victim …   Collocations dictionary

  • Herd Instinct — A mentality characterized by a lack of individuality, causing people to think and act like the general population. This term is used in the investing world to refer to the forces that cause unsubstantiated rallies or sell offs …   Investment dictionary

  • Mob Mentality — For the behavior, see herd mentality. Mob Mentality Studio album by Dropkick Murphys/The Business …   Wikipedia

  • Wilfred Trotter — Infobox Scientist name = PAGENAME box width = image size =150px caption = PAGENAME birth date = 3 November, 1872 birth place = death date = 25 November, 1939 death place = residence = citizenship = nationality = British ethnicity = field =… …   Wikipedia

  • Group intelligence — refers to a process by which large numbers of people simultaneously converge upon the same point(s) of knowledge. Social psychologists study group intelligence and related topics such as decentralized decision making and group wisdom, using… …   Wikipedia

  • Lemming — The act of an investor following the crowd into an investment, without doing research themselves; this usually results in losses. These investors are emotional and easily swayed by the current ongoings of how well or bad the market is doing. This …   Investment dictionary

  • Colin Cowherd — on the SportsNation set. Born January 6, 1964 (1964 01 06) (age 47) Bay Center, Washington Show …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.