Information Cascades

An information cascade occurs when people update on other people's beliefs, which may individually be ana individually rational decision decision, but may still result in a self-reinforcing community opinion that does not necessarily reflect reality.

An information cascade occurs when people signal that they have information about something, but actually based their judgmentupdate on other people's signals, resultingbeliefs, which may be an individually rational decision, but may still result in a self-reinforcing community opinion that does not necessarily reflect reality.

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 groupcommunity opinion that does not necessarily reflect reality.

• Groupthink
• Egalitarianism, Modesty argument
• Epistemic luck, Privileging the hypothesis
• Free-floating belief
• Groupthink, Affective death spiral
• Goodhart's law
• Religion