Difference between revisions of "Information cascade"
m (→See also)
|Line 4:||Line 4:|
*[http://lesswrong.com/lw/z/information_cascades/ Information ] by [[Johnicholas]]
Revision as of 04:30, 9 September 2009
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.