Need To Act Fast
To avoid mistakes, we aim to preserve autonomy and group status, and avoid irreversible decisions
Social comparison effect
Description
The tendency to have a distorted perception of one's own or others' abilities, opinions, or emotions as a result of comparing oneself to others.
Social comparison effect in business decision
An employee might feel demotivated or overly competitive by constantly comparing their performance, salary, or recognition to that of their colleagues, rather than focusing on their own growth and contributions.
Social comparison effect in personal life decision
You feel unhappy about your salary after learning a friend earns more, even if you're satisfied otherwise.