Popularity treated as evidence of correctness.
| Concept | Explanation | |---|---| | Herding | Following the behavior of others rather than independent analysis. | | FOMO | Fear of missing out on gains or a popular opportunity. | | Narrative momentum | A story gains credibility because attention and price reinforce it. | | Social proof | Popularity is treated as evidence of correctness. | | Attention effect | Assets receiving intense coverage attract disproportionate trading. |