The bandwagon effect can be seen at almost all levels of human interaction. It is the reliance upon the behavior or beliefs of those around—and similar—to you as a guide to what is correct to do or believe.
What is the big attraction to place for young persons? Job growth? Low cost of living? Maybe the culture or sunny weather? Nope.
When we make our life-choices, our perceptions don’t necessarily represent reality. Since we are never sure of the long-term outcomes, this introduces risk.
In school, economics was often an orphan that was largely ignored, rarely enjoyed, and almost instantly forgotten (civics always seemed condemned to a similar fate).
