Thesis
A bestseller list is real evidence that a book is good, and calling it the bandwagon fallacy is snobbery
Its coordinates: 2.6 Rationality · 2.8 Formal Epistemology
Where it stands
Every week in our bookshop in Lviv someone asks for "the book everyone is reading", and every week a certain kind of customer rolls their eyes. Logic textbooks agree with the eye-rollers: the bandwagon fallacy, or appeal to popularity, says something is good or true because many people accept it.
I want to argue against them.
Thesis: a bestseller list is genuine evidence that a book is good, and dismissing it as a fallacy is mostly snobbery.
For: if many readers independently choose and recommend a book, their judgements pool information. Condorcet showed that if each member of a group is more likely right than wrong and they judge independently, the majority becomes very likely right as the group grows. A hundred thousand readers are not nothing.
Against: readers are not independent. They buy what is displayed, reviewed and already selling. Economists describe information cascades, in which each person rationally follows those before them, so the crowd can lock onto a mediocre choice early and never leave it. And "good" for a bestseller may mean "easy to like", not "worth reading".
I sell both kinds of book and love some of each. Skovoroda refused to write for anyone but himself and a few friends, and I don't think that made him right either. Pick a side.