What Is the Bandwagon Effect?

The bandwagon effect is a cognitive bias that refers to the tendency for people to conform to the beliefs or behaviors of a group. This effect is often driven by the desire to fit in or be accepted by others, and can lead people to adopt beliefs or engage in behaviors even if they do … Read more

Off-Balance Sheet (OBS) Definition.

Off-balance sheet (OBS) items are items that appear on a company’s financial statements, but which are not included in the company’s balance sheet. OBS items include things like operating leases, joint ventures, and other arrangements that may not be reflected on the balance sheet. While OBS items are not included in the balance sheet, they … Read more