As soon a couple walks down the same street in
search of a place to eat. They see that restaurant
it is clearly not doing great business
the couple then see this restaurant
which restaurant will they decide to to into
Which brings u to the 'Herd' mentality
The choice of going into the busy restaurant as the better choice because other passersby do the same thing into the evening - this phenomenon is referred as an information cascade or in the UK
it is clearly not doing great business
the couple then see this restaurant
which restaurant will they decide to to into
Which brings u to the 'Herd' mentality
The choice of going into the busy restaurant as the better choice because other passersby do the same thing into the evening - this phenomenon is referred as an information cascade or in the UK
"Keeping up with the Joneses"
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