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Most Information Cascades, with a dash of XKCD

By an overwhelming margin, this past week’s posts have been about the potential irrationality of information cascades.  Moviegoers, home shoppers, hush puppies, flash mobs, stamp collectors, and wall street (see a great post by ehp1459, and a post about the Indian capital markets by randomvoice) all have a bit of blind-following-the-blind in them.  Posters were […]

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