Is Phomo an Official Bias?

In a bubble, we're like i don't know, a herd of elephants, right? I mean, that's a terrible mixed metaphor. We all go stumping in the same direction. So her behavior means that we are biologically wired to mimic the actions of the larger group. And so biologically, this behavior can be beneficial because it allows us to quickly absorb and react based on the intelligence of those around us. But it can also lead to reinforcing bubbles and these types of market anomalies.