Social proof is the tendency for individuals to mirror the actions of others, which can manifest in financial contexts such as the 2021 meme stock phenomenon or following investment trends touted by social media influencers.

Authors

• Person: Not available Organization: Verified Investing
  Behavioral Economics: Everyday Biases That Shape Money Choices

Sources

• Behavioral Economics: Everyday Biases That Shape Money Choices verifiedinvesting.com Verified Investing via serper

Referenced by nodes (1)

• social proof concept