Difference between revisions of "Information cascade"

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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.
 
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.
  
==Blog posts==
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==Main post==
[http://lesswrong.com/lw/z/information_cascades/ Information Cascades] by [[Johnicholas]]
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*[http://lesswrong.com/lw/z/information_cascades/ Information Cascades] by [[Johnicholas]]
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==See also==
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*[[Affective death spiral]]
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*[[Religion]]
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*[[Modesty argument]]
  
 
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[[Category:Concepts]]
 
[[Category:Concepts]]

Revision as of 04:36, 16 July 2009

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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.

Main post

See also