
Rational Minds Part 4: The Blind Leading The Blind - David Hirshleifer
The Joe Walker Podcast
00:00
The Difference Between Herding and Informational Cascades
Herding is where people or animals are behaving in a similar way and it's not just happening by chance. Information cascades are a special case of that where the reason for herding is informational. So you could have wildebeest clumping because maybe there are predators out there, so they're all trying to get away from the periphery and into the center.
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