Difference between revisions of "Information cascade"

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== Summary ==
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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.
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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.
  
== References ==
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==Blog posts==
[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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*[http://lesswrong.com/lw/1r1/epistemic_luck/ Epistemic luck] by [[Alicorn]]
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==See also==
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*[[Egalitarianism]], [[Modesty argument]]
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*[[Epistemic luck]], [[Privileging the hypothesis]]
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*[[Free-floating belief]]
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*[[Groupthink]], [[Affective death spiral]]
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*[[Goodhart's law]]
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*[[Religion]]
  
 
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[[Category:Concepts]]

Latest revision as of 08:00, 27 July 2010

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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.

Blog posts

See also