“An information (or informational) cascade occurs when a person observes the actions of others and then\u2014despite possible contradictions in his\/her own private information signals\u2014engages in the same acts. A cascade develops, then, when people \u201cabandon their own information in favor of inferences based on earlier people\u2019s actions\u201d.[1] Information cascades provide an explanation for how such situations can occur, how likely they are to cascade incorrect information or actions, how such behavior may arise and desist rapidly, and how effective attempts to originate a cascade tend to be under different conditions. By explaining all of these things, the original Independent Cascade model sought to improve on previous models that were unable to explain cascades of irrational behavior, a cascade’s fragility, or the short-lived nature of certain cascades.”<\/p>\n","protected":false},"excerpt":{"rendered":"
“An information (or informational) cascade occurs when a person observes the actions of others and then\u2014despite possible contradictions in his\/her own private information signals\u2014engages in the same acts. A cascade develops, then, when people \u201cabandon …<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[367],"tags":[],"class_list":["post-37655","post","type-post","status-publish","format-standard","hentry","category-psychology-information-politics-biases-conformity-rationality-critical_thinking"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/prY0k-9Nl","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":37657,"url":"https:\/\/www.limbicnutrition.com\/blog\/information-cascade-lesswrongwiki\/","url_meta":{"origin":37655,"position":0},"title":"Information cascade – Lesswrongwiki","author":"Limbic","date":"February 7, 2016","format":false,"excerpt":"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 community opinion that does not necessarily reflect reality.","rel":"","context":"In "psychology memes sociology communications politics"","block_context":{"text":"psychology memes sociology communications politics","link":"https:\/\/www.limbicnutrition.com\/blog\/category\/psychology-memes-sociology-communications-politics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8349,"url":"https:\/\/www.limbicnutrition.com\/blog\/algorithm-wars-and-ultrafast-machine-ecologies\/","url_meta":{"origin":37655,"position":1},"title":"Algorithm wars and ultrafast machine ecologies","author":"Limbic","date":"February 18, 2012","format":false,"excerpt":"In an amazing 2011 TED talk, Kevin Slavin explained how \u201calgorithms shape our world\u201d. Its well worth a watch to prepare you for the the main part of this post, an analysis of Black Swan events\u00a0 in financial markets caused by exactly the sort of algorithms Slavin describes. From \u201cFinancial\u2026","rel":"","context":"In "Business, Economics & Finance"","block_context":{"text":"Business, Economics & Finance","link":"https:\/\/www.limbicnutrition.com\/blog\/category\/business\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37577,"url":"https:\/\/www.limbicnutrition.com\/blog\/active-measures-wikipedia\/","url_meta":{"origin":37655,"position":2},"title":"Active measures – Wikipedia","author":"Limbic","date":"April 21, 2018","format":false,"excerpt":"\"Active measures (Russian: \u0430\u043a\u0442\u0438\u0432\u043d\u044b\u0435 \u043c\u0435\u0440\u043e\u043f\u0440\u0438\u044f\u0442\u0438\u044f) is a Soviet term for the actions of political warfare conducted by the Soviet and Russian security services (Cheka, OGPU, NKVD, KGB, FSB) to influence the course of world events, in addition to collectin...","rel":"","context":"In "politics spying espionage activism soviets russia usa"","block_context":{"text":"politics spying espionage activism soviets russia usa","link":"https:\/\/www.limbicnutrition.com\/blog\/category\/politics-spying-espionage-activism-soviets-russia-usa\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15753,"url":"https:\/\/www.limbicnutrition.com\/blog\/ontological-darkness-and-skin-in-the-game\/","url_meta":{"origin":37655,"position":3},"title":"Ontological darkness and skin in the game","author":"Limbic","date":"November 23, 2013","format":false,"excerpt":"\"There is an ontological darkness in centralized power, and it flows from the disconnect between authority, responsibility and consequence. A leader with vast centralized powers--a president, an emperor, a dictator--has the authority to send young citizens into combat in distant lands, but he does not carry an equal responsibility to\u2026","rel":"","context":"In "Ethics"","block_context":{"text":"Ethics","link":"https:\/\/www.limbicnutrition.com\/blog\/category\/ethics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":32856,"url":"https:\/\/www.limbicnutrition.com\/blog\/the-russel-conjugation\/","url_meta":{"origin":37655,"position":4},"title":"The Russel Conjugation","author":"Limbic","date":"November 24, 2018","format":false,"excerpt":"Eric R. Weinstein on The Russel Conjugation: \u201cThe basic principle of Russell Conjugation is that the human mind is constantly looking ahead well beyond what is true or false to ask \u201cWhat is the social consequence of accepting the facts as they are?\u201d\u00a0 While this line of thinking is obviously\u2026","rel":"","context":"In "Anthropology"","block_context":{"text":"Anthropology","link":"https:\/\/www.limbicnutrition.com\/blog\/category\/science\/anthropology\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15734,"url":"https:\/\/www.limbicnutrition.com\/blog\/15734\/","url_meta":{"origin":37655,"position":5},"title":"Tim Ferriss’ tonic for procrastinative loons","author":"Limbic","date":"November 9, 2013","format":false,"excerpt":"Great advice from Tim Ferriss: Personally, I suck at efficiency (doing things quickly). Here\u2019s my coping mechanism and 8-step process for maximizing efficacy (doing the right things): 1) Wake up at least 1 hour before you have to be at a computer screen. E-mail is the mind killer. 2) Make\u2026","rel":"","context":"In "Miscellaneous"","block_context":{"text":"Miscellaneous","link":"https:\/\/www.limbicnutrition.com\/blog\/category\/miscellaneous\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.limbicnutrition.com\/blog\/wp-json\/wp\/v2\/posts\/37655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.limbicnutrition.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.limbicnutrition.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.limbicnutrition.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.limbicnutrition.com\/blog\/wp-json\/wp\/v2\/comments?post=37655"}],"version-history":[{"count":0,"href":"https:\/\/www.limbicnutrition.com\/blog\/wp-json\/wp\/v2\/posts\/37655\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.limbicnutrition.com\/blog\/wp-json\/wp\/v2\/media?parent=37655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.limbicnutrition.com\/blog\/wp-json\/wp\/v2\/categories?post=37655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.limbicnutrition.com\/blog\/wp-json\/wp\/v2\/tags?post=37655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}