In a world driven by hype and FOMO, the challenge is to recognise when we are making decisions for ourselves and when simply following the herd. The innate human desire to be part of something larger than oneself is not easy to overcome
Herd mentality, fear of missing out (FOMO), and the irresistible pull of social proof drive human behaviour in ways that defy logic.
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As breathtaking aerial shots of Prayagraj's Sangam filled our timelines with slow-motion videos of sun-drenched tents on Ganga ghat, naga sadhus milling around with hundreds of devotees in collective euphoria soaking in the 'once-in-a-lifetime' mega event, many felt an urgent need to visit and be part of history.
This isn't unique to Mahakumbh. Whether fans scramble for last-minute Coldplay concert tickets or investors rush into oversubscribed IPOs, the psychology remains the same. Herd mentality, fear of missing out (FOMO), and the irresistible pull of social proof drive human behaviour in ways that defy logic.
But why do we willingly step into overcrowded, expensive, and sometimes risky experiences? And what can this tell us about other high-stakes decisions, from stock markets to career moves? The answer lies at the intersection of psychology, economics, and human nature. Recognising the psychological and social forces that drive human behaviour in different domains can help individuals and policymakers make better decisions.
Mega events like the Mahakumbh or Coldplay concerts may seem like distinct phenomena. Still, the underlying human behaviours—the pull of belonging, the fear of missing out, and the influence of the crowd—are universal. Whether religion, entertainment, investing, or education, people are drawn to what is scarce, exclusive, and socially validated.
Every few years, millions converge at the Mahakumbh Mela, one of the world's largest religious gatherings, despite recurring images and news of overcrowding, logistical difficulties, and even health and safety risks. The sheer scale of the event is staggering. The Uttar Pradesh government said 500 million devotees visited the Prayagraj Kumbh by mid-February, navigating an ocean of people. When Coldplay planned to do India concerts, 13 million people logged in to buy tickets, and many complained of being unable to buy them. Yet, their Ahmedabad concert drew a staggering crowd of 134,000 fans—making it the largest ticketed concert in Indian history.
[This article has been reproduced with permission from SP Jain Institute of Management & Research, Mumbai. Views expressed by authors are personal.]