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.
Immediately related elementsHow this works
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The Global Financial Crisis »The Global Financial Crisis
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Long-term causes of the financial crisis? »Long-term causes of the financial crisis?
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Human cognitive biases »Human cognitive biases
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Forms of human cognitive bias? »Forms of human cognitive bias?
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Information cascade
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Informaton cascade / social contagion »Informaton cascade / social contagion
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Sudden evaporation of market confidence/trust »Sudden evaporation of market confidence/trust
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