Anyways, it’s not something rational. In other words, it’s not a strategy after careful thought. That’s why it’s called herd instinct, an instinct, something one is born with.
And, mind you, humans act in the same way, too. Not always, of course, but often enough. Psychologists also call this herd behavior, referring to the tendency for people to make the same decisions others make. In other words, people like to do what everyone else is doing. Somehow, they believe acting alone is riskier.
In the stock market, for instance, when a share rises in value, people rush in to buy this particular share even though rationally they might know there’s a limit to its growth. Conversely, when a share’s price falls, all people join the fray selling it, leaving the price to drop still further.
Hence the argument made in the top example. Influenced by the herd instinct, people feel that “it is better to be wrong in large numbers than to be right alone.” To be wrong in large numbers seems to hurt less, somehow.
I remember some 20 years ago watching Cool Hand Luke for the first time and feeling quite shocked by the ending of the film. The long and short of this prison drama (made in 1967) is, after going through all sorts of dangers and difficulties, Luke, played by Paul Newman, and two other inmates made their escape from prison. First thing they did once they were in the open field was to have a meeting for a fresh exchange of ideas as to what to do next. The upshot of this meeting is, knowing prison guards will be out immediately in search of them hither and thither, they decided to flee in three directions, i.e. each going its own way, the rationale being this increases the chances of someone eventually getting free.
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