Difference between revisions of "Information cascade"

From Lesswrongwiki
Jump to: navigation, search
m (1 revision: migrate_wiki.py script)
Line 4: Line 4:
 
== References ==
 
== References ==
 
[http://lesswrong.com/lw/z/information_cascades/ Information Cascades] by [[Johnicholas]]
 
[http://lesswrong.com/lw/z/information_cascades/ Information Cascades] by [[Johnicholas]]
 +
 +
{{stub}}

Revision as of 03:41, 30 May 2009

Summary

An information cascade occurs when people signal that they have information about something, but actually based their judgment on other people's signals, resulting in a self-reinforcing community opinion that does not necessarily reflect reality.

References

Information Cascades by Johnicholas