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Why We Follow the Crowd (eBook)

Social Influence and Behavioral Contagion
Type: e-book
Genre: Social Science, Philosophy
Language: English
Price: ₹399
(Immediate Access on Full Payment)
Available Formats: PDF

Description

Why do smart people make identical, often irrational, decisions? This book, Why We Follow the Crowd, offers the definitive guide to Herd Behavior in modern Indian Society. We delve into the evolutionary roots that hardwired us for Conformity, making collective safety our default setting. But in a country defined by high density and strong familial ties, this instinct has evolved into intense Peer Pressure. Learn how deep-seated Cultural Norms from career choice to extravagant wedding spending dictate life paths, often superseding individual desire and financial prudence.

The book dissects the mechanics of social shaming and the cultural burden of izzat (honor) that enforces these collective rules. We then pivot to the digital domain, where Behavioral Contagion spreads at light speed. Discover how Finfluencers and viral Digital Trends accelerate everything from fashion fads to misinformation shared through "WhatsApp University."

Critically, the book dedicates a full analysis to the volatile Indian Stock Market. It examines how the rapid influx of new Retail Investors is drawn into high-stakes IPOs and small-cap rallies based purely on social proof and the Fear of Missing Out (FOMO). This leads to systemic instability and predictable losses in everyday Financial Decisions. This is a crucial study in Behavioral Economics.

Finally, the manuscript provides practical, real-world strategies for managing and redirecting Social Influence. Learn how to consciously resist the negative herd while harnessing collective power for positive change, such as through successful financial literacy campaigns. Reclaim your Mindset and forge an autonomous path, making conscious choices rather than compliant ones. This essential read is your guide to navigating India's complex social and financial future, equipping you to make smarter decisions in a world designed for following.

About the Author

Shreenivas Joshi is an authority on consumer behavior and financial technology, supported by a 25-year career as a Fintech Product Management leader at global corporations like eBay, PayPal, and PayU. With a foundation in Computer Science, he has spent his professional life analyzing vast amounts of behavioral data to inform effective product strategy. He has lived across different parts of the world, taking immense interest in local cultures, cuisine, their behavioral habits, etc.

Driven by a passion for understanding the cognitive biases that shape financial decisions, Shreenivas Joshi's writing applies the core concepts of behavioral economics to the distinctive context of Indian policy and consumer behavior. He is intrigued by the subtle ways Indian readers respond to incentives, risk, and choice, and he aims to offer insights that improve both personal finance and government policy-making.

Shreenivas Joshi resides near Mumbai, India, and dedicates his time to dissecting the "why" behind economic decisions.
Instagram: @indian.behavioral.economics
LinkedIn: https://www.linkedin.com/in/shreenivas-joshi-a76402/

Book Details

Number of Pages: 38
Availability: Available for Download (e-book)

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