Groupthink

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Dictionary Says

Definition of 'Groupthink'

A phenomenon developed in groups and marked by the consensus of opinion without critical reasoning or evaluation of consequences or alternatives. Groupthink evolves around a common desire to not upset the balance of a group of people by creating conflict, with creativity and individuality considered potentially harmful traits that should be avoided.
Investopedia Says

Investopedia explains 'Groupthink'

Groupthink in a business setting can cause employees and their bosses to overlook potential problems in the pursuit of consensus thinking. Because individual critical thinking is deemphasized or frowned upon, employees may self-censor themselves and not bring up alternatives or risks for fear of upsetting the status quo.
Search results for

'Groupthink'

  • Mutual Fund Management: Team Players Or All-Stars?

    http://www.investopedia.com/articles/mutualfund/07/fund-management-team-vs-star.asp
    ... Team Players - Disadvantages "Groupthink" is a big hazard for team-player
    mutual funds. Groupthink occurs when people begin to let ...

  • Leading Indicators Of Behavioral Finance

    http://www.investopedia.com/articles/trading/06/behavioralfinance.asp
    ... finance does not serve as a contradiction to these tenets, but complements them
    by emphasizing the importance of human psychology and groupthink in financial ...

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