The Asch Experiment: The concept of persons wanting to conform to the majority opinion of the group (even if the opinion is clearly wrong) . This is part of what leads to wrong buying / selling decisions

During the 1950s Solomon Asch conducted and published a series of experiments that demonstrated the degree to which an individual’s own opinions are influenced by those of a majority group. … Read more

Uber and Lyft drivers' median hourly wage is just $3.37, report finds — Majority of drivers make less than minimum wage and many end up losing money, according to study published by MIT

Uber and Lyft drivers in the US make a median profit of $3.37 per hour before taxes, according to a new report that suggests a majority of ride-share workers make below minimum … Read more