FOMO

What is FOMO?

What is FOMO? Jonathan Poland

Fear of missing out, also known as FOMO, is a type of motivation that is driven by a fear of missing out on current or future opportunities. It is often associated with a fear of missing out on chances for social status, competitive advantage, financial opportunities, rewarding experiences, or valuable information. FOMO is considered a common and powerful form of motivation that can drive a wide range of human behaviors.

FOMO can manifest in different ways, depending on the individual and the situation. For example, someone who is motivated by a fear of missing out on social opportunities may be more likely to attend events or engage with others in order to avoid feeling left out. Similarly, someone who is motivated by a fear of missing out on financial opportunities may be more likely to take risks or invest in order to avoid missing out on potential gains.

In many cases, FOMO can be a powerful driver of behavior, but it can also lead to negative outcomes, such as decision making based on incomplete or inaccurate information, or impulsivity that leads to regret. The following are a few examples.

Investing
Fear of missing out can explain investors piling into an investment that has recently gone up in value.

Social Interaction
Individuals with a strong fear of missing out may be unusually social. For example, they may rarely stay home. It is also associated with high use of social media.

Trend Following
Fear of missing out may drive individuals to closely follow trends in ideas, technology, fashion and other areas.

Marketing
Businesses may create artificial shortages at a new product launch in an attempt to trigger a fear of missing out amongst customers.

Learn More
Maintainability Jonathan Poland

Maintainability

Maintainability refers to the relative ease and cost of maintaining an entity over its lifetime, including fixing, updating, extending, operating,…

Knowledge Value Jonathan Poland

Knowledge Value

Knowledge value is the value that is derived from knowledge, skills, and information. It can be a measure of the…

Joint Ventures Jonathan Poland

Joint Ventures

A joint venture is a business venture or partnership between two or more parties. It is a collaborative effort in…

Psychographics Jonathan Poland

Psychographics

Psychographics is the study of personality, values, attitudes, interests, and lifestyles. It is a research method used to identify and…

Durable Competitive Advantage Jonathan Poland

Durable Competitive Advantage

The most important aspect of durability is market fit. Unique super simple products or services that does change much if…

Trade Secret Jonathan Poland

Trade Secret

A trade secret is a type of carefully guarded information that gives a company a competitive advantage in the market.…

Feasibility Analysis Jonathan Poland

Feasibility Analysis

Feasibility analysis is the process of evaluating the potential of a proposed project or system to determine whether it is…

Risk Monitoring Jonathan Poland

Risk Monitoring

Risk monitoring is the ongoing process of keeping track of risks and managing them effectively. The risk management process often…

Economic Relations Jonathan Poland

Economic Relations

Economic relations between nations refer to the economic interactions that occur between them. These interactions can include the exchange of…

Content Database

Search over 1,000 posts on topics across
business, finance, and capital markets.

Balance Sheet Jonathan Poland

Balance Sheet

The balance sheet is a financial statement that provides a snapshot of a company’s financial position at a specific point…

White Labeling Jonathan Poland

White Labeling

White label refers to products or services that are produced and designed by one company specifically for the purpose of…

Sales Metrics Jonathan Poland

Sales Metrics

Sales metrics are commonly used to assess the performance of a sales team or individual salesperson. These metrics can be…

Preventive Maintenance Jonathan Poland

Preventive Maintenance

Preventive maintenance is a type of maintenance that is designed to prevent failures and extend the lifespan of assets, including…

What Is Analysis? Jonathan Poland

What Is Analysis?

Analysis is the process of breaking something down into its component parts in order to better understand it. This is…

Keep It Super Simple Jonathan Poland

Keep It Super Simple

Keep it Super Simple or Keep it Simple Stupid. The KISS principle is a design guideline that suggests that unnecessary…

Team Leadership Jonathan Poland

Team Leadership

Team leadership involves guiding and representing a team, using influence rather than authority. In many cases, a team leader is…

Tribes Jonathan Poland

Tribes

Tribes are groups of people who self-organize around common interests, values, communities, professions, needs, or aspirations. The concept of tribes…

What is the Iterative Process? Jonathan Poland

What is the Iterative Process?

An iterative process is a method of working through a problem or project by repeating a series of steps, each…