High Quality Content by WIKIPEDIA articles! An information (or informational) cascade occurs when people observe the actions of others and then make the same choice that the others have made, independently of their own private information signals. A cascade develops, then, when people "abandon their own information in favor of inferences based on earlier people’s actions”. 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 which were not able to explain cascades of irrational behavior, the fragility and/or short-lived nature of certain cascades. Данное издание представляет собой компиляцию сведений, находящихся в свободном доступе в среде Интернет в...

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