Market Dynamics and Technical Change
Peer pressure is the influence exerted by a peer group on its individual members to encourage them to change their attitudes, values, or behaviors to conform to group norms. This social influence can significantly impact decisions, especially in the context of adopting new technologies, where individuals may feel compelled to keep up with their peers to gain social acceptance or avoid exclusion.
congrats on reading the definition of Peer Pressure. now let's actually learn it.