Information Cascades by Jon Kleinberg
cs.cornell.edu · 9,660 words · saved by 1 readers
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From the book Networks, Crowds, and Markets: Reasoning about a Highly Connected World. By David Easley and Jon Kleinberg. Cambridge University Press, 2010. Complete preprint on-line at http://www.cs.cornell.edu/home/kleinber/networks-book/ Chapter 16 Information Cascades 16.1 Following the Crowd When people are connected by a network, it becomes possible for them to influence each other’s behavior and decisions. In the next several chapters, we will explore how this ba- sic principle gives rise to a range of social processes in which networks serve to aggregate individual…
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