What is 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
Technical Requirements Jonathan Poland

Technical Requirements

Technical requirements are specifications for a technology such as a system or application. It is common to define technical requirements…

Cost Effectiveness Jonathan Poland

Cost Effectiveness

Cost effectiveness is the measure of the relationship between the costs and outcomes of a program, project, or intervention. It…

Administrative Burden Jonathan Poland

Administrative Burden

Administrative burden refers to the workload and effort required to comply with laws and regulations that do not directly contribute…

Efficiency Jonathan Poland

Efficiency

Efficiency is a measure of how well resources are used to produce goods and services. It is typically calculated by…

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…

What is Progress? Jonathan Poland

What is Progress?

Progress is the advancement of positive and lasting change that has a significant impact. It can be challenging to determine…

Digital Assets Jonathan Poland

Digital Assets

Digital assets are electronic representations of value that can be traded, stored, and managed using decentralized digital technologies such as…

Serviceable Market Jonathan Poland

Serviceable Market

Serviceable market is the part of the total addressable market that can actually be reached.

Travel Expenses Jonathan Poland

Travel Expenses

Travel expenses refer to the costs associated with traveling for business purposes. This can include expenses such as airfare, hotel…

Content Database

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

Business Efficiency Jonathan Poland

Business Efficiency

Business efficiency refers to the effectiveness with which a company or organization converts inputs, such as capital, labor, and materials,…

Positive Risk Jonathan Poland

Positive Risk

Positive risk refers to the potential for achieving an outcome that is too good. While risk is often associated with…

Influence Jonathan Poland

Influence

Influence is the ability to have an impact on the thoughts, behaviors, and values of an individual. It can involve…

Abundance Mentality Jonathan Poland

Abundance Mentality

Abundance mentality is the belief that there is enough for everyone, and that abundance, rather than scarcity, should be the…

Dynamic Pricing Jonathan Poland

Dynamic Pricing

Dynamic pricing refers to the practice of changing prices in real time in response to changes in market conditions or…

Psychographics Jonathan Poland

Psychographics

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

Design to Value Jonathan Poland

Design to Value

Design to value refers to the design requirements and considerations that aim to maximize the value of a product or…

Customer Relationships Jonathan Poland

Customer Relationships

Customer relationships refer to the interactions between a business and its potential, current, and former customers. These interactions can take…

Operational Risk Jonathan Poland

Operational Risk

Operations risk is the risk of financial loss or other negative consequences that may arise from the operation of a…