Information Cascades in Post-Sandy New York
Today’s society has become so dependent on technology to stay connected to each other that it is hard to imagine not having it. However, after Sandy hit the East Coast, many of the people who were left stranded without power for their devices have to learn how to cope without the use of technology. Without […]
Monkeys and information cascades
In 1967, psychologists conducted an interesting experiment where monkeys demonstrated a surprising fact about group behavior. A group of monkeys were placed in a room, with a ladder and a banana at the top. If a monkey attempted to climb up the ladder, the rest of the monkeys were showered with cold water. Soon, every time one […]