tags: #publish links: [[Cognitive Biases]] created: 2022-03-05 Sat --- # Social Herding fallacy Similar to Groupthink: > social herding. When we don’t know about something, it may be sensible to look at the behavior of others, assuming that at least some of them know things that we do not. But if everyone else is doing the same, then this process of mutual calibration can result in all the members of a group undertaking uninformed actions or believing that the “other guy” is paying attention to fundamentals. From [[Good Strategy, Bad Strategy - The Difference and Why It Matters (Richard Rumelt)]] See also [[The Inside View fallacy]] and [[Smooth-Sailing fallacy]]