Copycats and Contrarians

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Copycats and Contrarians Page 32

by Michelle Baddeley


  fish

  copying behaviours (i)

  cultural norms (i)

  fixed asset investment, by entrepreneurs (i)

  followers

  in ants (i)

  and chimpanzee culture (i)

  computational modelling (i)

  in football (i)

  foraging (i)

  obedience to authority (i), (ii)

  frat house ‘hazing’ (i)

  free-riding (i)

  Freud, Anna (i)

  Freud, Sigmund (i), (ii), (iii)

  functional magnetic resonance imaging (fMRI) (i)

  fund management, and reputation (i)

  fundamental value (i)

  ‘fungibility’ (i)

  Gage, Phineas (i)

  Galen (Aelius Galenus) (i)

  on animal spirits (i)

  Galileo Galilei (i)

  game theory (i)

  gangs (i)

  Garissa University College attack (i)

  Gemeingeist (i)

  see also identity

  General Theory of Employment, Interest and Money, The (Keynes) (i), (ii)

  genocide (i), (ii)

  Gestalt psychology (i)

  Guevara, Ernesto ‘Che’ (i)

  global financial crisis (2007–8) (i)

  globalisation (i)

  goths (i)

  Gove, Michael, MP, opinions on experts (i)

  grandmothering hypothesis, of menopause (i)

  Granny (orca) (i), (ii)

  Greenhouse Gas Inventory (i)

  Group Psychology and the Analysis of the Ego (Freud) (i)

  groups (i), (ii)

  coherence (i)

  goals (i)

  spirit (i)

  groupthink (i), (ii)

  in asset management (i), (ii)

  Guantanamo Bay prison (i)

  gun control, and commercial reputation (i)

  hazing (i)

  Heath Robinson, William (i)

  contraptions (i)

  Helicobacter pylori (i)

  herd immunity (i)

  herd instincts (i)

  herding

  in animals (i)

  childhood influences (i)

  collective (i), (ii), (iii), (iv)

  conscious versus unconscious influences (i)

  consequences (i)

  definition (i)

  distal versus proximate causes (i)

  economic models, limitations (i)

  economic theories (i)

  and emotions (i), (ii)

  evolutionary influences (i), (ii), (iii), (iv), (v)

  financial analysts (i)

  and financial instability (i)

  in housing markets (i)

  institutional investment (i)

  and modern technology (i), (ii)

  neuroeconomic experiments (i), (ii)

  political (i), (ii)

  in restaurants (i), (ii), (iii)

  and self-interest (i), (ii), (iii), (iv), (v)

  and social media (i)

  and System 1 versus System 2 (i)

  and trust (i)

  see also self-interested herding; collective herding

  herding externalities (i), (ii)

  herding games (i)

  heuristics

  anchoring and adjustment (i)

  availability (i)

  experts’ use of (i)

  herding (i), (ii), (iii)

  politics (i)

  representativeness (i)

  in wolf packs (i)

  Hippocrates, theory of humours (i)

  hipsters (i), (ii)

  Holocaust, the, (i), (ii)

  Homo economicus (i), (ii), (iii), (iv)

  Homo sapiens (i), (ii)

  Hotelling’s model (i)

  housing markets (i), (ii), (iii), (iv), (v)

  human evolution (i)

  see also evolution

  human–computer interaction, in Asch’s line task (i)

  humours, and animal spirits (i)

  hunting strategies (i)

  see also stag hunt game

  iatroepidemics (i)

  id (i), (ii)

  identification, Freud’s analysis (i)

  identity (i), (ii)

  economic analyses (i), (ii)

  and fashion choices (i)

  and in-group versus out-group effects (i)

  insights from Freud (i)

  and mobs (i)

  and signalling (i)

  idolatry, fan worship (i)

  imitation (i), (ii), (iii), (iv)

  and emotional contagion (i)

  in entrepreneurship (i), (ii)

  and mirror neurons (i)

  imperfect information (i)

  in politics (i), (ii)

  see also asymmetric information

  in-groups (i), (ii)

  effects on night-time violence (i), (ii)

  influences see social influences

  influencers (i)

  information (i)

  loss (i)

  overload, and herding heuristics (i)

  private versus social (i), (ii), (iii), (iv), (v), (vi), (vii)

  see also asymmetric information

  information cascades (i)

  Bayesian (i), (ii)

  definition (i)

  in restaurants (i), (ii), (iii)

  informational influences (i), (ii)

  in social learning (i)

  initiation rites (i)

  Inquiry into the Nature and Causes of the Wealth of Nations, An (Smith) (i)

  Instagram (i), (ii)

  Institute for Fiscal Studies (i)

  institutional investment (i), (ii)

  insula (i), (ii), (iii), (iv)

  invention (i)

  inventors (i), (ii), (iii), (iv)

  investment, in fixed assets (i)

  investment banking, separation from retail banking (i)

  investment funds (i)

  Invisible Hand (i)

  Islamophobia (i)

  iterated reasoning (i)

  see also beauty contests

  jealousy, Freud’s analysis (i)

  Jekyll and Hyde personality (i)

  Jimmy Choo, influencers (i)

  Jobs, Steve (i)

  Join Me movement (i)

  Jones, Jim (i), (ii)

  Jonestown massacre (i)

  Journal of Negative Results (i)

  journalism, expert opinions (i), (ii)

  journals, replication policy (i)

  jury experiments (i)

  jury principle, Condorcet’s see wisdom of crowds

  Kahneman, Daniel, on thinking (i)

  Katona, George (i)

  Kelly, David (i)

  Keynes, John Maynard (i), (ii), (iii), (iv), (v), (vi), (vii), (viii), (ix), (x)

  killer whales see orcas

  kin selection (i)

  Kirman’s ants model (i)

  knowledge bubbles (i)

  Koffka, Kurt (i)

  Kuhn, Thomas, paradigm shift (i)

  Le Bon, Gustave (i), (ii)

  on religion (i)

  leader–follower relationships

  in business (i)

  clubs (i)

  congregations (i)

  cults (i)

  obedience to authority (i), (ii)

  in politics (i)

  leadership

  environmental habits (i)

  obedience to authority (i), (ii)

  of places (i)

  social networks (i)

  learning (i)

  see also social learning

  lemons principle see adverse selection

  lesion patient studies (i)

  libertarian paternalism (i)

  life instinct (Eros) (i)

  limbic system, and emotional processing (i)

  line task (i)

  LinkedIn (i)

  Lisztomania (i)

  lizards, and social learning (i)

  loss aversion, and conformity (i), (ii), (iii)

  l
oyalty (i)

  Lucifer effect (i)

  Mackay, Charles (i)

  macroeconomics (i), (ii), (iii)

  Mango (fashion chain) (i)

  market failure (i)

  marketing (i)

  markets (i)

  marriage, and social norms (i)

  Marshall, Barry (i)

  Marx, Karl (i)

  mass media, political tribalism (i)

  mathematical reasoning see numeracy

  matriarchy, in orca pods (i)

  mavericks (i)

  benefits for society (i)

  computational modelling (i)

  experts (i)

  and information (i)

  and loss aversion (i)

  personality (i)

  risk-seeking (i), (ii), (iii)

  and self-interest (i)

  in social learning models (i)

  and the status quo (i)

  and System 1 versus System 2 thinking (i)

  versus conformity (i)

  media, the (i), (ii), (iii)

  median voter theorem (i), (ii)

  meetings (i), (ii)

  see also committees

  memetic contagion (i)

  menopause (i)

  mentalising see theory of mind

  Metaphysics (Aristotle) (i)

  Milgram, Stanley, electric shock experiments (i)

  Miller, Elizabeth (i)

  minimal group paradigm, definition (i), (ii)

  Minsky, Hyman, on financial instability (i), (ii)

  mirror neurons (i)

  Miscavige, David (i)

  misfit model, or maverick decision-making (i)

  MMR (measles, mumps and rubella) vaccine, expert opinions on (i)

  mob psychology (i)

  mobs (i)

  and identity (i)

  and night-time violence (i)

  self-regulation (i)

  see also common groups

  mock jury experiments (i)

  mods (i)

  money, conventions around (i)

  monkey culture (i)

  mood, and speculation (i)

  moral hazard, and expertise (i)

  mortgage lending, and the subprime mortgage crisis (i)

  motivations (i)

  mourning, at Diana’s funeral (i), (ii)

  Murdoch, Rupert (i)

  myopic loss aversion (i)

  National Rifle Association (i)

  natural experiment, restaurant choice (i)

  natural selection (i)

  see also adaptive advantage

  negative findings, reporting by experts (i)

  negative herding externalities (i)

  neoclassical economics (i), (ii)

  neuroanatomy

  and analytical reasoning (i)

  Galen’s insights (i)

  Le Bon’s insights (i)

  neuroeconomics (i)

  studies of financial decision-making (i)

  neurons (i)

  neuroscience

  analysis (i)

  tools (i)

  neuroscientific experiments (i)

  on financial decisions (i)

  see also experiments

  neurotransmitters (i)

  night-time economy (i)

  9/11 terrorist attacks (i)

  no-platforming (i)

  norm violations, and self-interested herding (i)

  normative influences (i), (ii), (iii)

  norms (i)

  nudges (i), (ii)

  see also social nudges

  numeracy (i)

  see also Bayesian reasoning

  obedience to authority (i), (ii), (iii)

  Office of National Statistics, UK (i)

  orcas (i)

  organised crowds (i)

  orgone therapy (i)

  Osama bin Laden (i)

  Ostrom, Elinor (i)

  out-groups (i), (ii)

  overconfidence, and financial instability (i)

  overconnectedness (i), (ii), (iii), (iv)

  overeating, evolutionary influences (i)

  oversight committees, for institutional investment (i), (ii)

  panic, financial (i)

  paradigm shift, Kuhn on (i)

  Pareto, Vilfredo (i)

  Pareto optimality (i)

  path dependency, in expert opinion (i)

  payoff externalities, for experts (i)

  peer comparison, and investment funds (i)

  peer pressure (i), (ii), (iii), (iv)

  penguins, and social learning (i)

  pension funds, and groupthink (i)

  Peoples Temple of the Disciples of Christ (i), (ii)

  personality (i), (ii), (iii), (iv), (v)

  Pied Piper (i)

  piercings (i)

  place-based leadership (i)

  Plato (i)

  Pleasure Principle, The (Freud) (i)

  policy

  environmental (i)

  experts’ groupthink (i)

  financial (i)

  to reduce groupthink (i)

  politics (i), (ii), (iii)

  leadership (i)

  movements (i)

  protest (i)

  tribalism (i), (ii), (iii), (iv)

  populism (i), (ii), (iii)

  Post-it notes, invention of (i)

  posterior probability (i), (ii)

  power, and self-interested herding (i)

  prefrontal cortex (i), (ii), (iii), (iv), (v), (vi), (vii), (viii), (ix)

  prejudice (i), (ii)

  price mechanism (i)

  principal-agent problems, with experts (i)

  prior probability (i)

  prison experiment see Stanford Prison experiment

  private information (i), (ii), (iii), (iv), (v), (vi), (vii)

  probabilistic reasoning (i), (ii)

  producers (i), (ii)

  prospect theory (i)

  proximate causes (i)

  psychoanalysis (i)

  psychological crowds see common groups; mobs

  public goods, and knowledge (i)

  public health, and sanitation (i)

  public policy (i), (ii), (iii)

  see also policy

  punks (i)

  al-Qaeda (i)

  quackery (i)

  queues (i), (ii)

  quolls (i), (ii)

  racism (i)

  rational bubbles (i)

  see also speculation

  rational choice theory (i)

  rational expectations hypothesis (i), (ii)

  rationality, of speculation (i)

  rebels (i)

  Reddit (i)

  reference points (i), (ii)

  see also social reference points

  regional leadership (i)

  regulation, environmental (i)

  Reich, Wilhelm (i), (ii)

  religion (i)

  replication policy, and journals (i)

  reporting, of science news (i)

  representative agents (i)

  representativeness heuristic (i)

  reputation (i), (ii)

  commercial (i)

  of experts (i), (ii), (iii)

  and investment fund management (i)

  and mavericks (i)

  and self-interested herding (i)

  and speculation (i)

  researchers, obedience to authority (i)

  ResearchGate (i)

  residual claimant (i)

  restaurants, and social learning (i), (ii), (iii)

  retail banking, and separation from investment banking (i)

  revolution (i)

  reward learning (i)

  reward prediction error (i)

  reward processing (i)

  and maverick risk-taking (i)

  risk

  in economic theory (i)

  insights from Minsky (i)

  in prospect theory (i)

  risk aversion (i)

  risk-taking

  behaviour (i), (ii)

  and dopaminergic p
athways (i)

  by mavericks (i)

  rivalry, between siblings (i)

  road safety, and self-interested herding (i)

  rockers (i)

  rogue traders (i), (ii)

  Rousseau, Jean-Jacques (i)

  rules of thumb see heuristics

  Rumsfeld, Donald (i)

  safety in numbers, and self-interested herding (i)

  sanitation habits, experiments in India (i)

  Sarao, Navinder Singh (i)

  Schultz, Wolfram (i)

  Schumpeter, Joseph

  on entrepreneurship (i), (ii)

  on imitation (i)

  scientific research (i)

  Scientology (i)

  seasonal affective disorder, and speculation (i)

  Second World War (i)

  second-mover advantage (i)

  self-interest (i)

  of experts (i)

  self-interested herding (i), (ii), (iii), (iv), (v), (vi)

  in animals (i)

  class action suits (i)

  definition (i), (ii)

  evolutionary influences (i), (ii)

  and reputation (i)

  and signalling (i)

  and social learning (i)

  and strategic advantages (i)

  and System 2 thinking (i)

  self-regulation, in mobs (i)

  self-sacrifice

  evolutionary influences (i), (ii)

  in slime moulds (i)

  Selfish Gene, The (Dawkins) (i)

  separation anxiety, Freud’s analysis (i)

  al-Shabaab (i)

  shaken baby syndrome (i)

  shaming, and sanitation habits (i)

  share trading, after Deepwater Horizon oil spill (i)

  Sheeran, Ed, queuing at concert (i)

  Shiller, Robert, on animal spirits (i)

  shirking (i)

  short-termism, in myopic loss aversion (i)

  sibling rivalry (i)

  signal extraction, by entrepreneurs (i)

  signalling (i)

  and consumption choices (i)

  credible (i)

  and identity (i), (ii)

  of virtue (i)

  Simon, Herbert (i)

  single neuron experiments (i)

  slime moulds (i)

  slimming clubs (i)

  Smith, Adam (i)

  snow leopards (i)

  Snowden, Edward (i)

  social capital (i)

  social comparisons, and pension savings (i)

  social emotions

  obedience to authority (i)

  and shame (i)

  Stanford Prison experiment (i)

  social income (i)

  social influences

  and evolution (i)

  informational influences (i)

  normative influences (i), (ii)

  and restaurant choice (i)

  see also social pressure

  social information (i), (ii), (iii), (iv), (v), (vi)

  social learning (i), (ii)

  in animals (i)

  in ants (i)

  and experts (i)

  in financial markets (i)

  and heuristics (i)

  and mirror neurons (i)

  in orca pods (i)

  politics (i)

  about restaurants (i), (ii), (iii), (iv)

  theory (i)

  social media (i), (ii), (iii)

  evolutionary perspectives (i)

  expert opinion (i), (ii)

 

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