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Unformatted text preview: become its own holiday. The popularity of it grew with more and more people waking up early to shop and this resulted in retailers giving out more discounts to attract more people and now people run through the store almost in a giant pack. 3. What he states does make sense because many people begin to see the mistakes being made so they stop buying and selling and shortly after people they know stop also. As word breaks around and people stop buying and selling, the housing market then crashes. It is just a reverse situation of the herd behavior that started the whole situation. 4. Organizations could combat the problems with herd behavior by encouraging people to be original and separate from the pack. They can create products that encourage this by trying for more than one popular idea. This will hopefully separate the group so that it can lower the effects of the herd behavior....
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- Spring '11