Finance & investing
Investors disproportionately allocate funds to domestic companies and familiar brand-name stocks over equally or better-performing foreign or lesser-known equities, a pattern known as the home bias in investing. Familiarity with a company through repeated media exposure or consumer use is mistaken for a valid signal of investment quality.
Medicine & diagnosis
Physicians tend to prescribe medications from brands they have encountered repeatedly through detailing visits, journal ads, or conference sponsorships, even when generics or alternatives have equivalent efficacy. Patients similarly prefer treatments they have heard of before, which can skew shared decision-making toward the familiar rather than the optimal.