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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (9839)	8/4/2008 11:02:25 AM
From: dybdahl	Read Replies (1) \| Respond to of 71456

As you point out yourself, every player in an information cascade acts rationally. The main reason not to use the term "avalanche" is, that avalanches usually come to a standstill at the end, whereas information cascades can terminate in various ways. Sometimes, information cascades trigger new information cascades, making something oscillate. A good example is how software projects are managed: Every 5-10 years, there is a new paradigm that goes into the opposite direction of the previous, even though the optimal solution is often in the middle.