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Information cascade

An information cascade occurs where people dismiss their individual instincts and personal data and base their decisions on the choices made by previous decision makers—and their decisions in turn influence every subsequent person to do the same.

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Information cascade
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Informaton cascade / social contagion
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Sudden evaporation of market confidence/trust
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Availability heuristic
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Bandwagon effect
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Beneffectance
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Confirmation bias
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Hyperbolic discounting
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Overconfidence bias
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Promotion of people with short-term, action bias
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Recency effect
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