Difference between revisions of "Information cascade"

From Lesswrongwiki
Jump to: navigation, search
m (Created page with '== 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 ...')
 
m (1 revision: migrate_wiki.py script)
(No difference)

Revision as of 18:41, 4 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