The nature of FoMO: trait and state fear-of-missing-out and their relationships to entertainment television consumption

Maxwell, Lindsey Conlin; Tefertiller, Alec; Morris, David L.

doi:10.1080/15456870.2021.1979977

Cited by 9 publications

(4 citation statements)

References 21 publications

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“…Finally, investments are characterized by the asset and time. In the wake of the collapse of FTX while the number of cryptocurrencies remained numbered in the many thousands 39 , a more context-specific (state) FoMO may have reduced for prospective investors, just as FoMO focussed on an event which has passed may wane (Maxwell et al 2022). Resolving these questions will require further longitudinal work, to establish the temporal stability of FoMO in general (Lo Coco et al 2020), and in an investment context, as well as establish the relationship between FoMO and portfolio development and composition.…”

Section: Endogeneitymentioning

confidence: 99%

“…While most conceptualisations propose FoMO as the motivator of behaviour, Buglass et al (2017) suggest the behaviour (e.g., social network use) leads to FoMO, while Lo Coco et al (2020) proposes a bidirectional relationship. FoMO has been associated with other behaviours such as TV viewing (Conlin et al 2016, Maxwell et al 2022, broadened to a consumer-centric version linked to missing consumption experiences (Good and Hyman 2021), and associated with types of consumption (e.g., conformity and conspicuous consumption, . Relative to the already large FoMO literature, as evidenced by three recent meta-analyses (Akbari et al 2021;Fioravanti et al 2021;Zhang et al 2021), research on FoMO in an investment context is small.…”

Section: Introductionmentioning

confidence: 99%

“…FoMO has predominantly been studied as a personality trait (Maxwell et al 2022). Przybylski et al (2013) identify FoMO as a latent trait, situationally activated when individuals' basic needs are not met (Zhang et al 2020).…”

Section: Introductionmentioning

confidence: 99%

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The fear of missing out on cryptocurrency and stock investments: Direct and indirect effects of financial literacy and risk tolerance

Gerrans

Abisekaraj

Liu

2023

J. financ. lit. wellbeing

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The “Fear of Missing Out” or FoMO has become an accepted motivator of behaviours extending from the purchase of limited-edition sneaker brands to social media use and cryptocurrency investment. As a motivator of individual financial behaviours, such as cryptocurrency and stock investment, it is unclear how FoMO relates to consumer financial literacy and other consumer traits, including risk tolerance and personality. We propose, and assess, a model of reported investment behaviour and investment behaviour intention. We find a larger association between FoMO and crypto ownership, both current and intended, compared with stocks. FoMO has a small association with current stock ownership, relative to the association of financial literacy and risk tolerance. Context matters when measuring FoMO with the more context-specific measures having the largest associations with investment behaviour and investment intentions. Finally, our results suggest financial literacy is an antecedent of FoMO, more so for stocks.

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Section: Endogeneitymentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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The fear of missing out on cryptocurrency and stock investments: Direct and indirect effects of financial literacy and risk tolerance

Gerrans

Abisekaraj

Liu

2023

J. financ. lit. wellbeing

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“…For instance, to connect with family or colleague, update daily activities, track the activities of others, individual use social media. These activities will prevent them from uncomfortable feeling of being disconnected from social world (Maxwell et al, 2021;Zhou, 2019;Hetz et al, 2015). It is because people desire to feel close to one another and a shared experience as an ideal way to feel that relatedness.…”

Section: Unfulfilled Psychological Needsmentioning

confidence: 99%

Indonesian consumers’ emotional and psychological factors in the nexus of fear of missing out (FOMO)

Yoga

Sistadyani

Fatricia

et al. 2022

Bisma (Bisnis Manaj.)

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This research examines the effect of emotional and psychological factors and their implications for fear of missing out (FOMO) on the online music platform. The object of this study is Spotify. The population in this study was respondents in Indonesia. The purposive sampling technique was used, where the sample criteria used consisted of Spotify users who have seen the Spotify Wrapped campaign at least once on social media. The SEM-AMOS is use to analyzed questionnaire data of 150 respondents. It was found that the varying psychological needs relatedness and unfulfilled psychological needs for self will positively affect FOMO. The result also shows that anticipated elation and anticipated envy from others have a positive effect on FOMO. It was also found that comforting rationalizations negatively influence FOMO and FOMO positively and significantly affect purchase intention. This study finds that comforting rationalization explains concerns about alternatives and offers behavioural mitigation that assist individuals to make their choices and reduce their FOMO.

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Theory of consumption value: A lens to examine the use and continual use intention of online game subscription services

Tan,

Chiu

2024

Computers in Human Behavior

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The nature of FoMO: trait and state fear-of-missing-out and their relationships to entertainment television consumption

Cited by 9 publications

References 21 publications

The fear of missing out on cryptocurrency and stock investments: Direct and indirect effects of financial literacy and risk tolerance

The fear of missing out on cryptocurrency and stock investments: Direct and indirect effects of financial literacy and risk tolerance

Indonesian consumers’ emotional and psychological factors in the nexus of fear of missing out (FOMO)

Theory of consumption value: A lens to examine the use and continual use intention of online game subscription services

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