Informational cascade

So you know how when you're in a group of friends and you have to make a decision together, like where to eat, you might not be sure what to pick? But then you see that everyone else is choosing the same thing, so you choose it too even if it's not really what you wanted?

That's kind of like what happens with an informational cascade. An informational cascade is when people all follow what other people are doing or saying, even if their own opinion or information says otherwise. It's like following the crowd.

This can happen in all kinds of situations, not just with choosing where to eat. It can happen in business decisions, political choices, or even in deciding what to wear to school. Basically, people don't want to be the odd one out, so they go along with what everyone else is doing.

But the problem with an informational cascade is that it can lead to people ignoring their own knowledge or information. They might make a decision based on what others are doing, even if they know it's not the best choice. This can lead to bad decisions being made.

So it's important to always think for yourself and not just follow what everyone else is doing. It's good to consider the opinions of others, but always make sure you're making the best decision for yourself based on your own knowledge and information.