Rationally Irrational Mass Movements


This article is a little dated however I thought it was fascinating how actually preventing an information cascade was on the European Union’s agenda and it does provide great case studies where cascades were most likely in effect, Netflix valuations, financial crisis, Arab spring, occupy wall st,and EU debt crisis.

The author seems unimpressed with the “information cascade phenomena” calling it “people imitating other people’s behavior” but maybe the conversation should be harnessing the effect of information cascades that could prevent irrational (or rationally irrational) decision making.