Information Cascades

Emrik (+23/-25)
Emrik (+83/-102)
Ruby (+159/-5)
habryka (+5/-9)
jimrandomh (+4/-214)
Vladimir_Nesov (+28) /* See also */
Vladimir_Nesov (+14) /* See also */
Vladimir_Nesov (+46/-52) /* See also */ link to [[Goodhart's law]]
Vladimir_Nesov (+24) /* See also */
Vladimir_Nesov removed extra newlines

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.

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 communitygroup opinion that does not necessarily reflect reality.

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