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Studies have established that the majority of UFO observations are misidentified conventional objects or natural phenomena-most commonly aircraft, balloons, noctilucent clouds, nacreous clouds, or astronomical objects such as meteors or bright planets with a small percentage even being hoaxes.

These reports are simply other more prosaic phenomena that cannot be identified due to lack of complete information or due to the necessary subjectivity of the reports.

In ufology, the psychosocial hypothesis, abbreviated PSH, argues that at least some UFO reports are best explained by psychological or social means. It is often contrasted with the better-known extraterrestrial hypothesis (ETH).

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