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18

Human Herds and Information Cascades

Lecture no. 18 from the course: Unexpected Economics

Human Herds and Information Cascades

Taught by Professor Timothy Taylor | 29 min | Categories: The Great Courses Plus Online Economics & Finance Courses

Most of us understandably "run with the herd" when making decisions outside our personal expertise. Although this often leads to correct choices, it can also draw us astray. Learn the dangers of "information cascades" and how to avoid joining herds headed in disastrous directions.

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