Human Herds and Information Cascades
Lecture no. 18 from the course: Unexpected Economics
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.