Knowledge Tree
fear of missing out
Also known as: FOMO
Facts (12)
Sources
The influence of psychological factors on investment decision making exsys.iocspublisher.org Jan 18, 2024 5 facts
claimThe study 'The influence of psychological factors on investment decision making' concludes that psychological factors, specifically Social Influence, Fear of Missing Out (FOMO), Herding Behavior, and Overconfidence, have a significant and positive impact on investment decision-making.
referenceOsemeahon and Agoyi (2020) examined the relationship between Fear of Missing Out (FOMO), smartphone usage, and social media brand communities.
referenceElhai, Levine, Alghraibeh, Alafnan, Aldraiweesh, and Hall (2018) tested the relationships between fear of missing out (FoMO), negative affectivity, online social engagement, and problematic smartphone use in their paper 'Fear of missing out: Testing relationships with negative affectivity, online social engagement, and problematic smartphone use', published in Computers in Human Behavior.
referenceKang, Cui, and Son published 'Conformity consumption behavior and FoMO' in Sustainability (Switzerland) in 2019.
claimThe study titled 'The influence of psychological factors on investment decision making' analyzes how demographic potential and psychological factors, specifically Social Influence, Fear of Missing Out (FOMO), Herding Behavior, and Overconfidence, impact investment decision-making.
Personal Financial Management | What It Is and The Core ... robertconsulting.uk 8 days ago 3 facts
claimPersonal Financial Management (PFM) teaches individuals to prioritize net worth over perceived wealth to avoid debt driven by the Fear of Missing Out.
claimIn the age of social media, the Fear of Missing Out (FOMO) drives many young professionals into debt.
claimThe Fear of Missing Out (FOMO) is a pervasive form of social anxiety characterized by the apprehension that others are having more rewarding experiences or that one is missing out on social, professional, or personal opportunities.
Implications for Mental Health and Coping Strategies | OxJournal oxjournal.org Aug 12, 2024 2 facts
referencePrzybylski et al. (2013) found that individuals with higher levels of the fear of missing out (FOMO) experienced lower life satisfaction and higher levels of stress because they felt perpetually left out or less accomplished than their peers.
claimThe fear of missing out (FOMO) is a psychological phenomenon linked to social media use that can negatively impact self-esteem and increase stress levels by creating anxiety that others are having more rewarding experiences.
5 Behavioral Biases That Can Impact Your Investing Decisions online.mason.wm.edu Feb 5, 2025 1 fact
claimHerd mentality in investing occurs when investors make decisions based primarily on group behavior rather than independent analysis, often driven by a fear of missing out (FOMO).
The Role of Behavioral Economics in Investment Decision-Making online.utpb.edu 1 fact
claimHerd mentality, or the fear of missing out (FOMO), occurs when investors buy into popular investments because they assume others are onto something, a behavior that contributed to the real estate bubble of the early 2000s.