Gill, David (contributor); Sgroi, Daniel (contributor) - 2005
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model, the agents learn from each other’s decisions, which can lead to cascades on a
given decision when later agents … information. The sequential nature of decision-making can allow cascades on a given decision to
develop when later agents’ private … preceding individual without regard to his own
information, is said to be in a cascade.
Definition 2. Informational Cascades. A …