- Peer group
A peer group is a group of approximately the same age,
social status , and interestsSiegler, Robert (2006). How Childred Develop, Exploring Child Develop Student Media Tool Kit & Scientific American Reader to Accompany How Children Develop. New York: Worth Publishers. ISBN 0716761130.] . Generally, people are relatively equal in terms of power when they interact with peers.Developmental Psychology
Developmental psychologists
Vygotsky ,Piaget , andSullivan have all argued that peer relationships provide a unique context for cognitive, social, and emotional development, with equality, reciprocity, cooperation, and intimacy maturing and enhancing children's reasoning abilities and concern for others. Modern research echoes these sentiments, showing that social and emotional gains are indeed provided by peer interaction.Peer pressure
The term '
peer pressure ' is often used to describe instances where an individual feels indirectly pressured into changing their behaviour to match that of their peers. Taking up smoking or consumingalcohol underage are two of the best known examples.Finance
A peer group in finance is any equity, mutual fund, or financial instrument that relates to another equity, mutual fund, or financial instrument within its respective asset class in terms of investment style, industry, or underlying asset composition.
References
Further reading
* An evolutionary perspective on children's motivation in the peer group. "International Journal of Behavioral Development, 19(1)," 53-73. [http://www.csulb.edu/~kmacd/ISBD-Friends.pdf Full text]
* Bona Fide Group Theory: A descriptive format for understandinggroup dynamics . [http://www.nancytobler.com/index.php?title=Bona_Fide_Group_Theory Theory Overview]
Wikimedia Foundation. 2010.