Monthly Archives

October 2018

Meeting #7: Informational Cascade

DateTimeLocation
Wednesday, October 24, 2018 (02 Aban 1397)11:00 – 12:00Khatam University (New Building @ 17 Daneshvar), 7th Floor, TAs Room

“An informational cascade occurs when it is optimal for an individual, having observed the actions of those ahead of him, to follow the behavior of the preceding individual without regard to his own information. We argue that localized conformity of behavior and the fragility of mass behaviors can be explained by informational cascades.”

Required Reading(s)A Theory of Fads, Fashion, Custom, and Cultural Change as Informational Cascades