marks + information + cascades 1
Information cascade - Wikipedia, the free encyclopedia
april 2009 by marks
"Information cascades are fragile because new information can overturn a long-standing behavioral trend. Because people are rational, they realize that their behavior is based on limited information and are willing to change. Thus, even though a thousand people may have chosen one action, a single new piece of information can induce people to subsequently choose a different action."
information
cascades
april 2009 by marks