What is the primary bias of a friendly follower?

The primary bias of a friendly follower is cognitive bias. This type of bias occurs when individuals' decisions and judgments are influenced by the way information is presented or their prior beliefs, rather than on objective analysis of the information available. Friendly followers may accept information that aligns with their self-perceptions or relationships, leading to potentially distorted decision-making based on their desire to maintain a positive social atmosphere or favorable relationships.

Friendly followers may exhibit a tendency to conform to the opinions or behaviors of those they view positively, often prioritizing harmony over critical assessment. This can result in a lack of independent thinking or analysis when reviewing financial information or making decisions. Recognizing the cognitive bias at play is essential for both the individuals involved and their advisors, as it highlights the need for objective analysis to counteract the subjective influences of personal relationships.