Information cascade

From Lesswrongwiki
Revision as of 03:41, 30 May 2009 by PeerInfinity (talk | contribs)
Jump to: navigation, search


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.


Information Cascades by Johnicholas