Information cascades occur when individuals update their beliefs based on the observed actions of others rather than their own private information, leading to a lack of independence in decision-making.

Authors

• Person: Not available Organization: Stanford Encyclopedia of Philosophy
  Social Epistemology - Stanford Encyclopedia of Philosophy

Sources

• Social Epistemology - Stanford Encyclopedia of Philosophy plato.stanford.edu Stanford Encyclopedia of Philosophy via serper
• Social Epistemology - Stanford Encyclopedia of Philosophy plato.stanford.edu Stanford Encyclopedia of Philosophy via serper
• Social Epistemology - Stanford Encyclopedia of Philosophy plato.stanford.edu Stanford Encyclopedia of Philosophy via serper

Referenced by nodes (1)

• decision-making concept